Acumen Fund: Valuing a Social Venture (A)

Acumen Fund is a social venture capital fund that primarily supports ventures that deliver goods and services to the poor. This support involves using a variety of financial vehicles, such as debt and equity, to develop sustainable and scalable social ventures. In this case, Acumen Fund is performing a due diligence on Ziqitza Healthcare Limited, a for-profit ambulance company in India. The case involves assessing ZHL's business model, calculating firm value, and drafting an initial term sheet.