PERITUM PARTNERS

This article was written by Akshay Vasantgadkar, Senior Associate. When a company is started in India, the first thing a founder issues to themselves (and to their co-founders) are equity shares. As the company grows and raises money from outside investors, a founder will quickly hear about another instrument: CCPS (Compulsorily Convertible Preference Shares), among other instruments that we touched on in our previous note. For many first-time founders, the difference between