Ideate consulted Cloud Kitchen Startup “Speed Kitchen” in Shifting their business operations from LLP based legal entity to a Private Limited Company. So that they can go for their growth capital through funding rounds with angel investors. Ideate has managed to convert the LLP business into a Private Limited Company, considering all the challenges which the entity had due to their existing agreements with their landlords at their existing place of operations. Thereafter went for a round of funding from angel investors.
Key Highlights
- Conversion of LLP Business in a Private Limited Company.
- Transfer of all the existing agreements and contracts to Converted Entity.
- Business Transfer for GST Registration among multiple States.
- Handled Client interaction with Angel Investors.
- Managed to secure funds for the client at desired valuation.
- Smooth closure of all the Compliances for the client.
- Ideate is working as vCFO for handling all financial matters of the client.
Benefits
- Client raised funds of 2.5 Cr from angel investors.
- Client Managed to focus on their core activities.
- They managed to increase their sales and reduced their client churning ratio.
- Improved employee satisfaction on account of managed payroll.
- Timely Compliances reduced their blockage of working capital.