June 3, 2024 1:12 pm Published by admin

Background

The Covid-19 pandemic presented significant challenges for businesses worldwide, leading to disruptions and economic downturn. However, amidst the chaos, the founders of the Web3 & Blockchain company saw an opportunity to revolutionize the short video industry, leveraging cutting-edge technologies and decentralization principles. By harnessing the power of blockchain, the company aimed to create a platform that would empower content creators and provide a unique and immersive experience for users

Background

• Initial funding secured from prominent corporates and venture capital firms in India, strengthening financial position and expanding network
• Attained Soonicorn status, signifying industry recognition and validation of the company’s growth potential.
• Ambition to raise funds in Delaware, USA, targeting a Unicorn valuation.
• Challenges encountered during the bridge round to the Unicorn round, requiring strategic planning and execution

Challenges

• Unoptimised Tax & Legal Structure – Need of protecting the rights assigned to 80+ investors
• Inexperience in Scaling operations and handling investor relationships
• Weak Finance Control, Governance & Compliance – Given the changing landscape in the Web3 & Blockchain industry.

How We Helped

• Crafted a One-Team Mindset Strategy with the Core Team providing lasting value based
  through in-depth research and analysis
• Integrated and implemented multiple tax and finance processes into one solution, created Tax Optimized Structure, Protecting the rights of all the investors globally
• Strengthened key functions and processes, Automation, Compliance resulting in real time implementation of solutions and change management
• Implemented a sturdy governance structure that facilitates timely and risk-managed compliance, transparency, and sustained enhancement of quality

Impact

Client successfully raised their Unicorn Bridge round of $100M. Continues to evolve in collaboration with us.