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How it Works

  1. Create Profile
  2. Invest
  3. Deal Documentation

How it Works

  1. Create Profile
  2. Invest
  3. Deal Documentation

How it Works

  1. Create Profile
  2. Invest
  3. Deal Documentation

How it Works


How do I Invest?


What are the risks?


What is G-SAFE?


What are Captabl Fees?

1. Create a Profile

Create a profile on Captabl portal by signing up “Investor Signup Link” in less than a minute.

2. Accept Risks, Platform T&C

Acknowledge the Investment Risks and review the platform’s terms and conditions.

3. Invest

Before investment, you need to complete the e-KYC process, Sign the Consent Agreement & verify the bank details. For specific deals, you will select the amount, payment method & agree to deal-specific Terms and Conditions.

4. Select the deal of your choice

Understand the deal details, risk involved and thorough review of legal documents presented by startup.

5. Post Campaign Outcome

Startups will sign and share the certificates. You can monitor the progress of your investment

6. Sign your G-Safe Agreement

Once the campaign is closed, startup will e-sign the G-Safe agreement. You need to countersign the G-Safe agreement. You will need Aadhar Number and registered mobile number to sign the document.

How do I Invest?

Once you make an Investment, funds will be held in an Escrow account with our Banking Partners managed by SEBI registered trustees. Once the startup completes the compliance requirements, fund is transferred from Escrow bank account to Startup bank account.

You may cancel or change your investment within 72 hours of investing by writing to us at [email protected]. Cancelling your investment is not permitted in the final 48 hours of a deal.

You can see when the minimal funding amount has been crossed on the deal page. In this case, the startup may choose to:

  1. Accept all the funds raised until the closure of the deal
  2. Choose to reduce the amount invested by each investor by a certain ratio, i.e., pro rata the amount in order to allocate securities to each investor to take only a certain quantum of funds
  3. Choose to randomly allot funds based on a lucky draw mechanism
  4. Choose to close the deal prematurely as soon as the target is reached

The decision lies completely with the company and its stakeholders and the decision will be communicated to you over email.

Yes, every company reserves the right to reject, in whole or in part, any investment commitment at any time before the proceeds are drawn from the virtual account. Any rejected investments will be returned to the investor in full along with the processing fee.

Once you have made an investment, the Growth91’s Analytics feature is enabled for you. You can track the quarterly investment status from the dashboard.


Declaration of Risk

By accessing/using the Captabl platform through the website [], you bear the fitness to undertake the risks in investments through the Website including but not limited to the following:

Investments in Startups/early-stage ventures (“Companies”) bear an inherent risk of not assuring full-fledged profits or returns from the investments, since these companies may not have a business model or established concept which can be used as a reference for 100% success. It is for this reason that it is generally recommended to create a diversified portfolio of investments, which will have the potential to deliver gains and absorb capital losses in the aggregate.

Liquidity refers to equity shares that can be sold with ease. However, equity investments in the Companies are highly illiquid as the shares of such Companies are unlisted/private and cannot be sold easily on an exchange or similar secondary trading platform.

The Companies may most likely be unable to pay any dividend throughout the life cycle of an investment. Therefore, in order for you to earn a return out of any of your investments, you will have to go through a further sale or such other similar process for which a time frame cannot be ascertained.

The Companies may raise additional capital in the future and therefore, your shareholding may be diluted, as a result of such issue of new shares.

The Company’s forward-looking statements, containing opinions and beliefs, are based on a number of estimates and assumptions that are subject to significant business, economic, regulatory, and competitive uncertainties. Though these statements can be used for understanding the objectives and goals of the Companies, such statements should not be considered as undertakings from the Companies and should be considered as merely being speculative and having subjective nature.

You may be liable to pay taxes on any dividends or gains you receive from your investments in the Company and payment of such taxes is entirely your responsibility. Therefore, you should consult your tax advisor for more information on these matters.

For the avoidance of doubt, in light of your acknowledgment of the above risk factors, you agree and acknowledge that you shall hold Growth91 harmless and shall not raise any claim in respect of any of the above.

G-SAFE: A complete guide

The companies that raise on Growth91 set the terms for their agreement with investors.

Captabl’s simple agreement for future equity.
A G-SAFE is an investment contract between investors and startups looking to raise capital. Individuals make investments for the chance to earn a return—in the form of equity in the company or a cash payout.
The G-SAFE, created by us, is an adapted version of the SAFE, a financial instrument widely used by angels & VCs investing in startups across the globe. It is designed specifically to work for investment campaigns accepting hundreds or even thousands of investors, and it’s used by several industry stalwarts in various forms.

Investors using the G-SAFE get a financial stake in the company but are not immediately holders of equity. It takes the legal form of Compulsorily Convertible Debentures (‘CCDs’) at the time of issue. These CCDs are converted into equity on the happening of ‘activation events’ like acquisition or IPO.

Risk Note: Activation events are not guaranteed. Investors should see them only as possibilities.

Your return depends on your investment amount, the company’s exit valuation (How much the company is worth at that time), and the terms of the G-SAFE. Investors invest money at an extremely early stage and hence their stake is affected by future events only.

Risk Note: If an activation event does not happen, you may never get a return on your investment.


This agreement issues compulsorily convertible debentures which convert into securities issued in future financing, i.e. equity shares or compulsorily convertible preference shares, on trigger events such as 100% secondary sale of CCDs, buyback or IPO.

Instrument – Compulsorily Convertible Debentures (CCDs).

Conversion Events – 100% secondary sale, Buyback, Acquisition, IPO.
Cap Table –

  • Before Next Funding Round: No line on the cap table
  • Post Next Funding Round: No line on the cap table

Voting Rights –

  • Before Next Funding Round: No voting rights
  • Post Next Funding Round: No voting rights

Conversion Table –

  • With Discount Cap
  • With Valuation Floor and/or Cap
  • With Discount Cap + Valuation Cap
  • Fixed Valuation

Financial Instruments we offer –

  • CCD – Compulsorily Convertible Debentures are hybrid securities which have the same financial rights as equity shares but no voting rights. CCDs do not come on the cap table.
  • CCPS – Compulsorily Convertible Preference Shares are hybrid securities which have the same financial rights as equity shares but restricted voting rights. CCPS come on the cap table.
  • NCD – Non Convertible Debentures are secured debt securities which provide a fixed rate of interest periodically with the investment repayment at the end of the tenure. NCDs do not come on the cap table.
  • CSOP – Community Stock Option Pool are options which have the same financial rights as equity shares but no voting rights. CSOPs do not come on the cap table and are the fastest to execute.

It’s simple, faster and cheaper at the same time.

  1. Efficient: G-SAFE is a one-document security without numerous terms to negotiate, saving money in legal fees and reducing the time spent negotiating the terms of the investment. Startups usually only have to negotiate one item: the valuation cap or the discount cap.
  2. Benefits of Equity without any hassles: G-SAFE is designed specifically as a financial instrument without the hassles of attending general meetings or signing unnecessary documents. It comes with detailed information rights and easier exits while increasing in value just like equity shares.
  3. Safety First: A G-SAFE holder gets preferential rights over traditional shareholders in terms of repayment. If the startup gets liquidated, a G-SAFE holder is paid before any shareholder.
  4. Cheaper: The legal costs are bare minimum.