The Ask · Base
Capital buys proof, not activity
- Raise
- ₹5.00Cr
- Runway
- 18 months
- Stage
- Pre-seed
- Instrument
- TBDUnconfirmed
- 41%₹1.92CrProduct & Engineering
- 37%₹1.76CrKey Hires
- 17%₹79.1LOperating Buffer
- 4.6%₹21.9LGTM Experiments
- 1.3%₹6.05LFinance, Legal & Trust
Month 6 · 10,000 users
The wedge is proven
Closed beta, then public launch, then growth to the first real cohort.
Month 12 · 75,295 users
2–3 repeatable loops
Activated CAC and retention measured by channel, not assumed.
Month 18 · 2,87,229 users
Unit economics hold
CAC trend, retained activation, cost-to-serve.
The ask holds above 7.5% paid conversion of monthly active users. Below that, the lever is LLM cost per conversation, not a bigger raise.
Why the ask is smaller than the spend
- Gross spend, months 1–18
- Everything the plan costs, before any offset.
- ₹8.36Cr
- Demand-linked product cost
- LLM and cloud — only incurred if the users arrive.
- -₹5.96Cr
- Fixed cost of the company
- Team, GTM, legal, G&A. Does not move with growth.
- ₹2.40Cr
- Product cost to month 12
- LLM and cloud through the Repeat phase, before revenue is material.
- ₹1.75Cr
- Operating buffer, 3 months
- Priced at the month-16–18 fixed run-rate, not the average.
- ₹59.8L
- Computed requirement
- ₹4.75Cr
Rounded to ₹5.00Cr — ₹25.0L of unallocated headroom. Stated gross of ₹3.00Cr in cloud credits — a raise is not sized on credits, so they sit here as headroom rather than as a discount. The Investor Brief’s “funding required” tile does net them, and shows ₹5.36Cr for the same window: the whole 18 months, every offset applied, no revenue assumed.
What this rests on
- Paid conversion & pricecurrently 20% of MAUHypothesis
- User growth & cost per conversation2,87,229 users by month 18Hypothesis
- Round termsamount, instrument, close dateUnconfirmed
₹5.00Cr is derived from this scenario’s own cost, not a founder decision — the raise amount, instrument and close date are still open. Months 19–24 are excluded on purpose: the roadmap only covers 18 months, and extrapolating past it would be a claim, not a plan.