in a blog post on Medium that it has launched roll up vehicles (RUVs) for India.
“With RUVs, founders will be able to add a group of accredited, value-add investors as a single new entry to their cap table with zero friction,” the company said in a blog post.
Roll up vehicles are a type of special purpose vehicle (SPV) designed for founders that want to raise capital from individual operators and angels with a single cap table entry.
Traditional SPVs often require a stand-in investor to take on additional duties by acting as the fund lead to avoid conflict of interest issues for the founder.
Roll up vehicles are designed to not need a stand-in investor and can be created and entirely managed by the founder.
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“After running a closed beta that enabled startups like GoKwik, Grip Invest and GrowthX to successfully raise capital through RUVs from fellow founders, operators, early adopters and supportive friends, we were eager to introduce this product to our exciting startup ecosystem,” the blog post said.
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