TRACK RECORD
Capital raised, transactions executed
Fifteen years on both sides of the table: raising capital for funds, investing it, and advising the businesses that need it.
USD 600M+
Commitments the team contributed to
₹20 → 150 Cr
AIF raise, first to final close
₹100–300 Cr+
Transactions structured
6,000+
Investor relationships managed
SELECTED EXPERIENCE
Fundraising, investing and transactions
| Platform | Period | Type | Highlights | Scale |
|---|---|---|---|---|
| Prime commercial floor, Lisbon | 2026 · ongoing | Sell-side, cross-border | IM, teaser, NDA-gated data room; outreach to family offices, HNIs and brokers. | Full floor |
| Motilal Oswal Alternate Investment Advisors | 2025–26 | Investor relations | Targeted fundraising from HNIs and institutions; led investor servicing across a USD 3.1Bn+ AUM base. | USD 600M+ |
| Pegasus Evolving Opportunities Fund | 2021–25 | Fundraising and VC investing | Raise from first to final close across HNIs, UHNIs, FIIs, family offices and institutions, including SIDBI; evaluated and executed venture investments. | ₹20 → 150 Cr |
| VRM Capital Partners | 2017–21 | Advisory mandates | Fundraising strategy, investor readiness, IMs and models for startups and promoters; 20+ HNI, family office and strategic investor relationships. | ₹100–300 Cr+ |
| Advanz Pharma (Cinven-owned) | 2013–17 | PE-backed FP&A | LBO models and M&A analysis: projections, debt structure, EBITDA-to-cash conversion and returns. | LBO & M&A |
Motilal Oswal, Pegasus and Advanz figures are platform-level outcomes in which Viren Makwana played a key role.
VENTURE INVESTMENTS
Evaluated and executed at Pegasus
Across healthcare, education, fintech, clean energy, SaaS, AI and consumer technology.
Red.Health
Freo
Snapmint
Easy Home Finance
Zvolv
Prescinto
Tardid Technologies
FunFirst
Lal10
WYO (Wear Your Opinion)
Investments made by Pegasus Evolving Opportunities Fund during Viren Makwana’s tenure.
SELECTED VRM MANDATES
Mandates advised since 2017
More than 100 companies screened since 2019, and formal mandates across real estate, manufacturing, technology, healthcare and financial services. Clients are anonymised.
REAL ESTATE · 2021
USD 10M
Structured debt raise across three ongoing residential projects for a Karnataka developer with 25M+ sq ft delivered.
CONSUMER MANUFACTURING · 2021
₹40 Cr project
Equity and term-loan structuring for a greenfield hygiene-products manufacturing plant in Maharashtra.
DIGITAL MARKETING · 2021
₹5–7.5 Cr
Pre-Series A raise for a B2B digital marketing group expanding into the UAE, with model, IM and investor targeting.
EDUCATION TECHNOLOGY · 2021
IM, model, outreach
Real estate education platform: information memorandum, teaser and five-year model; venture investors engaged under NDA.
HEALTHCARE TECHNOLOGY · 2021
Equity raise
Maternal and child-care platform: investor materials review and a targeted list of healthcare investors.
B2B MARKETPLACE · 2021
Equity raise
Industrial procurement platform: investor readiness, financial projections and investor outreach.
EDUCATION TECHNOLOGY · 2019–21
Two mandates
Equity raises for a vernacular skilling platform in Kerala and an AI and AR training company.
FINANCIAL SERVICES · 2021
Equity raise
Growth capital mandate for a digital lending platform.
Mandate scope shown as engaged; transaction outcomes are available on request.
Put this experience to work
Book a call to discuss your mandate, or send us an enquiry and a partner will reply within one working day.