Frequently Asked Questions

Startups can present their company plans to potential investors through Invest Allys. If interested, investors can contribute directly to the firm through the platform in exchange for shares or convertibles.

To verify that the information provided by the startup is true and accurate, our team at Invest Allys completes a thorough investigation. The primary criteria that Invest Allys uses to evaluate companies are as follows:

• Competent Advisors and a Team History of the Business (Business Model and its USPs)
• Traction
• Financials
• Customer service and competitive advantages

It is anticipated that the vetting procedure will be finished in 7 business days.

If a startup fails the vetting process, the team will get in touch with them and provide information on how to address any issues before they may reapply.

A startup can currently raise up to INR 1 crore through Weexventures.

A startup should be:

• Registered in India and incorporated not more than 3 years ago
• Execute a unique business idea with a reasonable size target market
• At least have an MVP ready

On the startup’s dashboard, you can monitor all of the fundraising information in real time. Additionally, the startup will get an email update at the registered email address each time an investor makes a contribution.

Yes. After three months, the startup can re-register on the platform and fix the errors from the initial submission.

Here is all you should know about raising money through Weexventures:

1.Startup Onboarding

Onboarding for New Profiles: A startup founder is required to disclose the pertinent information about his company and other KYC criteria as the first step. The team receives these information via a form and verifies and conducts due diligence on it.

Due diligence is used by the team to confirm all the business information, review KYC, and other submissions to make sure they are accurate. The startup won’t be launched on our platform till after this.

Fundraising Campaign: After the startup passes the vetting procedure, a fundraising campaign on Weexventures with a set financial goal is launched.

2.Investment and Fund/share transfer

Direct Investment: When an investor finds a startup on Weexventures that matches their goals and interests, they can invest instantly with just one click. Investors can select from a variety of payment methods, including debit cards, net banking, and others.

Campaign Status: When an investor makes a startup investment, the money stays in Weexventures Escrow account.

Every startup funding campaign begins with a specific amount that a startup wants to raise on Weexventures, it is called ‘Funding Goal’.

When the startup able to raise the ‘Funding Goal’ amount, we consider it as Funding Goal Reached. As a result, the amount will be transferred to startup account.

If the startup not able to achieve the ‘Funding Goal’, whatever amount that is raised so far, will be refunded to the investor.

• Company’s PAN
• Incorporation certificate
• Financial Projections

The funding campaign on Invest Allys comes to an end under two circumstances. 

First, the campaign is closed and the funds raised are sent to the startup’s account when it reaches its target on or before the end date.

Second, if a startup does not raise the required amount within the allotted time, the investor will receive a refund, and the campaign will be deemed a failure.

A campaign on Weexventures ends on or before its end date in both situations.

Here is all you need know about investing in startups on Weexventures.

Startup Investment Methodology

Make a profile: Create a profile on Invest Allys to get your angel investing career started.

Take the Assessment Test: Prospective investors on Invest Allys are required to complete a questionnaire to demonstrate their comprehension of the risks associated with investing in startups.

KYC Validation: Investors will be on boarded on Invest Allys and given access to vetted businesses to invest in once their KYC has been successfully validated.

Buy into startups: The investor can invest instantly with only one click after finding a business that matches their interests and vision on the “Invest” page.

As of now, investors who make investments through the platform are not charged a commission by Weexventures. The main objective is to establish an ecosystem that is trustworthy and open to investors in India’s emerging businesses.

Any Indian citizen who is at least 21 years old and has a grasp of investing is eligible to become an investor on Weexventures.

Your investment remains extremely illiquid because there is no exchange organization or platform where startup securities may trade or be sold. Only certain circumstances, such as LBOs, M&As, IPOs, or when the firm is sold or wound up, provide you the opportunity to leave your position.

Weexventures requires a minimum investment of 20,000 to be made.

Investors can access all the information from the Portfolio area of Weexventures, including the status of the financed campaigns, by logging in to their Dashboard.

Only potential firms that have been thoroughly evaluated and are in the tech, fintech, social entrepreneurship, lifestyle, even those offering SaaS are listed on Invest Allys. To qualify for the initial listing criterion on Weexventures, startups must have been around for at least six months and have significant month over month growth.

We, at Weexventures, take full responsibility to provide our investors with all the information related to the startup which will enable investors to make an informed decision.

The investors are liable for all their investment choices, and Weexventures will steer clear of any advisory services at all times.

When a firm accomplishes its funding target, we transfer the money received from the investor to the startup’s account and issue the share certificate in the investor’s name.

On the other hand, failure to meet a startup’s goal-set financial target makes it unlikely that they will be able to implement their suggested business strategy. Therefore, the money raised are repaid in order to safeguard the investor’s money.

Therefore, a startup either receives 100% of the capital when it meets its funding objective or nothing at all when it doesn’t.