Invest Startups Startup scorecard
📅 Last verified: May 2026
Built by one NRI, for NRIs · no signup, no email · refreshed quarterly. — Amish
⚡ 8 min per deal · free

Startup Scorecard

Updated May 2026
8-dimension scoring framework for any startup investment. Weighted RED / AMBER / GREEN with sector benchmarks across 10 Indian startup sectors.
Methodology How the scorecard weights each section
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8 dimensions, weighted
Company basics (10%) · Founder + market (20%) · Financials + runway (15%) · Unit economics (20%) · Cap table position (15%) · NRI essentials (10%) · Qualitative (10%). Each dimension scores 0-10; weighted sum → RED/AMBER/GREEN.
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Sector benchmarks
10 Indian startup sectors covered: B2B SaaS, D2C, fintech, edtech, healthtech, climate, agritech, mobility, gaming, deep-tech. Each benchmark range comes from public deal data + my own portfolio.
Retrospectively tested on 10 famous startups
Byju, Paytm, CRED, Zomato, Nykaa, Zepto + 4 others — scored using public-at-the-time signals (the framework flagged Byju RED in 2021). Public ledger at /invest/startups/deals (Historic tab) — verify our calls before you trust the score.
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What this is NOT
Not a recommendation. Not legal/tax advice. Not a substitute for founder-call diligence. A GREEN score means "the math passes basic screening" — not "wire the money tomorrow."

What we ignore: founder cult-of-personality, "we're the next [unicorn]" decks, hot-round FOMO, unverified TAM claims, missing cap-table disclosure.

0 paid placements. Quarterly weight calibration based on outcome data (when public). Last full review: May 2026.

Score this deal in ~8 minutes
Fill the 7 sections below with what you know — leave blanks if you don't have a number yet. You'll see a weighted score (RED / AMBER / GREEN), sector-aware benchmarks for each metric, and a structured verdict at the bottom. No signup. Save or share the result with one click.

1🏢 Company basics

2👥 Founder & market context

Most early-stage scoring fails because it asks only the financial questions. These fields capture what the spreadsheet doesn't — and will weight into the v2 score.

Pick all that genuinely apply. Hover each option to see the honest test it must pass.

3💸 Financials & runway

Runway
Net burn (burn − revenue)

4📊 Unit economics

LTV / CAC ratio
Rating
Enter CAC & LTV

5📋 Cap table & your position

Your ownership %
Years in operation
Revenue multiple (post-money)
Capital efficiency (rev/raised)
Round trajectory
Add previous round to compare

6🇮🇳 NRI essentials (if applicable — skip if you're a resident Indian or non-NRI angel)

FEMA, repatriation routes and Indian tax residency only matter for NRI investors. If you're investing as an Indian resident, foreign angel, or via an Indian fund — leave this blank.

Reminder: Most startup investments are auto-route for NRIs except defence, atomic energy, real estate, lottery, gambling. Funds from NRE stay fully repatriable. Selling shares triggers LTCG (12.5%) if held >24 months — TDS 10% withheld at sale.

7✅ Qualitative checklist

0 / 10 checks complete

💎 Four ways to use the scorecard

Free to score on screen. $25 to save / share / regenerate. $99 for a 2-page Deal Memo with MCA pull. $500 for a hand-scored review by Amish.

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Not investment advice. Scores financial health and due-diligence completeness. A high score means the numbers are clean, not that this is the right investment for your portfolio. Always consult a SEBI-registered RIA for personal advice.

👀 Founders · early access
Want NRI angel investors to see this score?

Get your startup listed in the NRI Startup Database — a public directory NRI investors browse, filter and shortlist from. Founder-supplied data, clearly labeled self-reported (we don't sell the independent score). Early-bird ₹3,000/year for the first 50 founders (₹6,000/year standard after).

List my startup → Phase 0 · no payment yet, just confirming demand

Common questions about the Startup Scorecard

Q1 When can I trust this score, and when shouldn't I? A GREEN score means "the math passes basic screening" — not "wire the money tomorrow." A RED score means structural issues you should resolve before investing. AMBER means "needs more work / specific founder-call questions." +

GREEN ≠ buy. A GREEN score means the basic financial + market + cap-table math passes screening. Founder calls, reference checks, and competitive landscape work still need to happen. Most successful investors GREEN-light 2-3 deals for every 10 that scorecard GREEN.

RED = pause, don't pass. A RED score flags structural issues (missing cap-table disclosure, unsustainable burn, founder concentration). The right move is to ask the founder about each RED dimension before investing, not to skip the deal.

AMBER = the most important score. AMBER means "early signal but missing data." Use it as your founder-call agenda. The biggest mis-investments come from AMBER deals where investors asked no questions.

Q2 Why do I need NRI essentials in a generic startup scorecard? If you're an NRI investing in an Indian startup, FEMA + repatriation + your home-country tax overlay materially affects your effective return. Two same-cap-table deals can have very different post-tax outcomes for an NRI angel. +

The NRI essentials section adds 5 questions specific to NRI investors: NRE/NRO routing, FATCA reporting if you're US-resident, FEMA compliance for the issuing structure (CCDs vs CCPS vs equity), TDS at exit, and DTAA-corridor planning.

If you're a resident Indian or non-NRI angel, skip this section entirely (the score will exclude it from weighting).

FATCA / FBAR / PFIC guide for US-NRIs →

Q3 Where does the sector benchmark data come from? A mix of public deal data (Tracxn, VCCircle, Inc42 reports), Y Combinator + Sequoia portfolio reviews, my own 20+ angel deals across 8 sectors, and IC committee work on 3 funds. Each benchmark is sourced; click the benchmark for details. +

Benchmark sources are visible inline — click any benchmark range and you'll see the data source + sample size. We don't use anonymous "industry whispers."

Sector coverage: B2B SaaS, D2C, fintech, edtech, healthtech, climate, agritech, mobility, gaming, deep-tech. We update benchmarks quarterly when public deal data refreshes.

Q4 Can I save / share / print my scorecard? Yes. Free version generates the score. $25 unlocks PDF download + email-share + named-link archiving. Useful when 2-3 angels in a syndicate want to compare independent scores on the same deal. +

Free tier: enter the data, get the score, see the breakdown. Refresh the page = lose your work.

$25 one-time: PDF download (formatted for sharing with your CA / co-investors), email-share with a private link, and the scorecard saved to your account if you've signed in.

$500 advisory tier: I personally review your scorecard, walk through the cap-table maths, and run a 60-minute call. Learn more →

Q5 What about deals where I have inside information / personal context? The scorecard is a structural screen — it doesn't replace the soft signals only you can read (founder character, customer love, sector momentum). Use it as a sanity check on what you already think, not as an oracle. +

If a deal scores RED but the founder is a known repeat exit + you have insider conviction → invest with smaller cheque, document your thesis, and revisit at next round.

If a deal scores GREEN but you can't articulate WHY in your own words → don't invest. The score is a sanity check on your thinking, not a substitute for it.

The scorecard exists to slow down enthusiasm, not replace it.