2 resources from Eximius Ventures we point founders to, and the questions each answers.
📄 Article
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Why we picked it
A tight India-specific comparison with the rupee numbers you actually need: angels write ₹10 lakh to ₹3 crore from their own pocket and decide fast and informally, while pre-seed VCs write above ₹3 crore of LP money and run weeks-to-months of diligence. Read it right after the Blume piece to calibrate exactly how fast each type moves and what the process cost is, so you know why speed-and-conviction angels come first and the heavier institutional cheque comes once you have proof.
Why we picked it
Written by a SEBI-registered Indian pre-seed fund, so the worked example is in the deal shapes you will actually see here, and it cites a real Indian exit (Milkbasket to Kalaari) to make it concrete. On a $300K-for-10% deal at a $5M sale, it shows 1x non-participating pays the investor $500K while participating pays $905K, cutting the founders' share by $405K on one modest exit.