![]() Currently, two companies on Sateeq are raising funds through CCDs. Since its convertibility is a perceived advantage and relies on trigger events such as initial public offerings, mergers, buy-backs, or secondary buyouts by new investors, investors are willing to accept a lower interest rate for purchasing convertible debentures. Startups on the platform connect with investors to raise community funding based on Compulsory Convertible Debentures (CCDs) and Community Stock Option Pools (CSOPs)-two tools startups commonly use to raise capital.ĬCDs can be converted into equity after a specific time. The final stage involves roping in an external agency for a due diligence report on the startup. This includes scouting and vetting a startup by investors associated with Sateeq, followed by an analysis of investment opportunities. Krishna’s team of 10 follows a three-step process to verify startups before registering them. Sateeq follows an invite-only model for onboarding startups. ![]() Krishna Maggo, founder of Sateeq Sateeq: How it works After operating GrowwVenture for about five months, Krishna decided to shut shop. He also realised that the existing pool of angel investors did not need another platform to invest in companies. He managed to onboard 200 angel investors but found it difficult to build investors’ confidence in the platform. In 2021, when his 10th board exams got cancelled during the second wave of the COVID-19 pandemic, Krishna decided to use his free time to build his first company, GrowwVenture, an angel investing platform.įrom April to August 2021, he tirelessly reached out to angel investors through email and LinkedIn. “But now I have a new calling: I want to build something.” They made me want to explore entrepreneurship someday, and honestly, I wanted to become rich and powerful,” recalls Krishna. More than reading books, I used to watch a lot of YouTube videos on business case studies and stories of international and national business leaders such as McDonald's, Sachin Bansal, and Ritesh Agarwal. “Some of the earliest books I read were Rich Dad, Poor Dad, and Think and Grow Rich. Krishna’s entrepreneurial journey took roots when he came across books on business and entrepreneurship as a sixth-grader. This woman entrepreneur’s startup monitors heart health with a device the size of a power bank A precocious calling
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