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Startup Advisory

Cap Table Management
Equity Clarity at Every Funding Round

Maintain a clean, investor-ready cap table at every stage — from incorporation to Series B. We handle ESOP pool creation, CCPS/CCD/SAFE note modelling, and dilution analysis for every funding round.

ESOPCCPSSAFE NotesCCDDilution AnalysisCap TableAnti-DilutionEquity Structure
What It Covers

Everything You Get
With This Service

A messy or incorrect cap table is one of the biggest red flags for investors. Our team builds and maintains your cap table from day one — ensuring accuracy, compliance, and clarity as you grow from founders to multi-stakeholder structure.

  • Founding cap table setup at incorporation
  • Convertible note and SAFE modelling
  • CCPS (Compulsorily Convertible Preference Shares) modelling
  • CCD (Compulsorily Convertible Debentures) modelling
  • Anti-dilution provisions modelling (broad-based WA, ratchet)
  • ESOP pool creation, vesting schedule design, and tracking
  • Round-by-round dilution analysis
  • Post-money valuation and ownership % computation
  • Drag-along, tag-along, and liquidation preference analysis
  • Cap table clean-up for pre-Series businesses
  • Virtual Data Room (VDR) preparation for investors
Our Process

How We Deliver This
Service — Step by Step

01

Current State Audit

We review your existing shareholder register, any convertibles, and ESOPs to get the current cap table right.

02

Modelling & Scenarios

We build a clean cap table model with scenarios for upcoming funding rounds and dilution analysis.

03

Regulatory Filings

We ensure share allotments are properly reflected in MCA filings and statutory registers.

04

Ongoing Maintenance

We update the cap table after every equity event — allotment, transfer, ESOP exercise, or conversion.

Questions Answered

Frequently Asked
Questions

What is a SAFE note?
Simple Agreement for Future Equity (SAFE) is a convertible instrument where an investor provides capital that converts to equity at a future funding round, typically at a discount.
What is the difference between CCPS and equity shares?
CCPS are preference shares that mandatorily convert to equity at a future date. They are commonly used in Indian startup funding as they defer equity valuation until conversion.
How does an ESOP pool affect the cap table?
An ESOP pool is typically created from founders' shares or authorised capital before a round. It dilutes existing shareholders but attracts and retains talent.
What is anti-dilution protection?
Anti-dilution clauses protect investors from dilution in down-rounds by adjusting the conversion price of their instruments. Broad-based weighted average is the most common type.
Should I use a software tool for cap table management?
We recommend Carta, Captable.io, or custom Excel tools depending on your round stage. We set these up and manage them for you.

Get Expert Help with Cap Table Management

Our specialists are ready to guide you. Book your free consultation now — no commitment required.