Total Invested
₹1.80 Cr
Across 5 companies
Total Value
₹11.25 Cr
Mark-to-market
Unrealised Gain
₹9.45 Cr
+525% on cost
Blended MOIC
6.25x
Portfolio average
Exit Scenarios — All Holdings
Based on current ownership % at exit multiples
| Company | Invested | Current Value | MOIC Today | Break-even Exit | 3x Exit — Your Proceeds | 5x Exit — Your Proceeds | 10x Exit — Your Proceeds |
|---|---|---|---|---|---|---|---|
| FinPilot Technologies 3.5% ownership |
₹40L | ₹380L | 9.5x | ₹11.4 Cr co. val | ₹231 Cr | ₹385 Cr | ₹770 Cr |
| EduTrack Solutions 2.8% ownership |
₹25L | ₹180L | 7.2x | ₹8.93 Cr co. val | ₹605 Cr | ₹1,008 Cr | ₹2,016 Cr |
| HealthVault 3.1% ownership |
₹50L | ₹210L | 4.2x | ₹16.1 Cr co. val | ₹744 Cr | ₹1,240 Cr | ₹2,480 Cr |
| LogiFlow 1.9% ownership |
₹35L | ₹280L | 8x | ₹18.4 Cr co. val | ₹1,026 Cr | ₹1,710 Cr | ₹3,420 Cr |
| AgroBase 2.4% ownership |
₹30L | ₹85L | 2.8x | ₹12.5 Cr co. val | ₹302 Cr | ₹504 Cr | ₹1,008 Cr |
Note: Exit proceeds are pre-tax, pre-liquidation-preference. Actual proceeds depend on cap structure. Current company valuations are estimated mark-to-market figures.
FinPilot Technologies — Detailed Exit Modeling
Deep Dive
Entry Details
Invested
₹40L
Shares
3,50,000
Entry Price
₹114/share
Round
Angel Round — Mar 2021
Ownership
3.5%
Current Company Val (est.)
₹220 Cr
Your 3.5% =
₹7.7 Cr
MOIC Today
19.3x
| Exit Valuation | Your Proceeds | MOIC | Notes |
|---|---|---|---|
| ₹300 Cr | ₹10.5 Cr | 26.3x | Acquisition (distressed) |
| ₹500 Cr Waterfall modeled | ₹17.5 Cr | 43.8x | Strategic acquisition |
| ₹750 Cr | ₹26.3 Cr | 65.8x | Premium acquisition |
| ₹1,000 Cr | ₹35 Cr | 87.5x | IPO scenario |
| ₹2,000 Cr | ₹70 Cr | 175x | Hypergrowth IPO |
Liquidation Preference Waterfall — ₹500 Cr Exit Scenario
| Stakeholder | Liq Pref Type | Pref Amount | Pro-rata Share | Total Proceeds | % of Exit |
|---|---|---|---|---|---|
| Sequoia Surge | 1x non-participating | ₹45 Cr | ₹82.8 Cr | ₹127.8 Cr | 25.6% |
| Blume Ventures | 1x non-participating | ₹8 Cr | ₹44.6 Cr | ₹52.6 Cr | 10.5% |
| Angel Pool (you included) you | None | — | ₹15.9 Cr | ₹15.9 Cr | 3.2% |
| Founders | None | — | ₹297.0 Cr | ₹297.0 Cr | 59.4% |
| ESOP | None | — | ₹11.4 Cr | ₹11.4 Cr | 2.3% |
Your share: ₹40L invested in angel round. 0.35% of ₹455 Cr pro-rata pool = ₹1.6 Cr individual share. Total angel pool (3.5%) = ₹15.9 Cr. Liquidation preferences are paid before pro-rata distribution.
IRR Projections — FinPilot Technologies
| Exit Year | Hold Period | IRR (same exit multiple) | Note |
|---|---|---|---|
| 2025 | 4yr | 112% | Exit at same valuation |
| 2026 | 5yr | 95% | Exit at same valuation |
| 2027 | 6yr | 82% | Exit at same valuation |
| 2028 | 7yr | 71% | Exit at same valuation |
| 2029 (IPO) | 8yr | 63% | Target IPO window (BSE/NSE) |
IRR decreases over time even at the same exit multiple — this is the time value of money effect. A 20x return in 4 years (112% IRR) is significantly better than the same 20x in 8 years (63% IRR).
Portfolio Exit Timeline
Projected exit windows
2025
No planned exits
All portfolio companies in active growth phase.
2026
LogiFlow — M&A Target
LogTech
Potential tech acquisition by logistics conglomerate. Series B raising expected mid-2026 as a precursor.
2027
EduTrack Solutions — Secondary Sale
EdTech
Potential secondary market sale to growth-stage fund. Founder considering partial liquidity event.
2028–29
FinPilot Technologies — IPO Target
FinTech
BSE/NSE IPO target window. Company projecting ₹500+ Cr revenue run-rate by FY28. DRHP likely FY27.
2030+
HealthVault & AgroBase — TBD
Long horizon
Both companies in early stage. Exit horizon 5–7 years. HealthVault needs compliance stabilisation; AgroBase tracking distribution model traction.