Convene the First Board Meeting: The Board meeting is held, and the resolution for issuing rights shares is passed. The rights issue does not require the approval of shareholders, and hence the board can proceed towards the issue.
A startup raises funds in many phases like pre-seed funding and seed capital is raised during the early stage while during the growth stage series A, B, C rounds of funding are done by the investors. Pre-seed funding and seed capital help a startup to have a strong foundation.
