B.Com. (Investment Management) Venture Capital Syllabus - Mumbai University
This is the TY BCom IM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
Loading syllabus...
Syllabus for Venture Capital
Module I: Venture Capital Ecosystem and Startup Financing
- Unit 1: Introduction to Venture Capital
- Meaning and Evolution of Venture Capital – Definition, historical development, and the role of VC in economic growth and entrepreneurship.
- Types of Venture Capital Funds – Early-stage funds, growth funds, corporate venture capital, government-backed funds, and sector-specific VC.
- VC Ecosystem in India – Role of SEBI, DPIIT, incubators, accelerators, angel networks, and key trends shaping the Indian VC market.
- Comparison with Other Financing Sources – Differences between VC, private equity, bank loans, crowdfunding, and angel investing.
- Unit 2: Startup Funding Stages and Deal Flow
- Funding Life Cycle of a Startup – Pre-seed, seed, angel, Series A/B/C, and late-stage funding.
- Deal Sourcing and Screening – How VC firms scout startups, develop pipelines, and evaluate business proposals.
- Initial Evaluation Parameters – Market size, business model, founding team, scalability, and competitive advantage.
- Pitching and Investment Readiness – Key components of pitch decks, investor expectations, and startup readiness criteria
Module II: Venture Capital Investment Process and Exit Strategies
- Unit 3: Deal Structuring, Valuation & Due Diligence
- Types of Investment Instruments – Equity, convertible notes, SAFE agreements, preference shares, and hybrid securities.
- Startup Valuation Methods – Venture capital method, comparable company analysis, scorecard method, and discounted cash flows (DCF).
- Due Diligence Process – Financial, legal, operational, technology, and market due diligence for assessing startup viability.
- Term Sheets & Negotiation – Key clauses: valuation, liquidation preference, anti- dilution, board rights, vesting schedules, and governance terms.
- Unit 4: Portfolio Management & Exit Strategies
- VC Fund Portfolio Construction – Diversification, sector allocation, risk-return profile, and follow-on investments.
- Monitoring and Supporting Portfolio Companies – Performance tracking, mentoring, strategic guidance, and milestone-based reviews.
- Exit Routes for Venture Capitalists – IPOs, acquisitions, secondary sales, buybacks, and liquidation outcomes.
- Performance Measurement – Metrics such as IRR, MOIC, PME, and impact of exits on overall fund performance.
Reference Books
- 1 Sandeep Gupta & P.C. Basu – Venture Capital and Private Equity Funding in India.
- 2 Prasanna Chandra – Investment Analysis and Portfolio Management (VC decision- making sections).
- 3 E. Gordon & K. Natarajan – Financial Markets and Services (covers venture capital).
- 4 Vasant Desai – Venture Capital Financing: The Indian Scenario.
- 5 S. Gurusamy – Financial Services (includes venture capital frameworks).
Reproduced from the University of Mumbai syllabus for B.Com. (Investment Management) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.