A fast, founder-friendly early-stage instrument — not debt, no maturity — that converts to equity at your next round. Generate a free draft.
A SAFE (Simple Agreement for Future Equity) is a popular early-stage instrument where an investor gives money now in exchange for the right to equity at your next priced round — usually with a valuation cap and/or discount. Unlike a convertible note, a SAFE is not debt: no interest, no maturity date.
SAFEs are US-origin; in India, convertible notes/CCPS are often used instead (especially with foreign investors, due to FEMA). Use this draft as a starting point and get advice on the right instrument for your round.
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SAFEs are US-origin and not a codified Indian instrument. Indian startups often use convertible notes or CCPS instead — especially with foreign investors under FEMA. We can advise on the right equivalent.
A SAFE is simpler (not debt, no interest or maturity), but the convertible note is more established in India. The best choice depends on your investors and regulatory position.
It’s the maximum valuation at which the investor’s money converts to equity — protecting early investors if your next round is at a much higher valuation.
Often not directly — FEMA rules make convertible notes/CCPS more suitable for foreign investment. Get advice before using a SAFE in India.
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