SERVICES · CORPORATE FINANCE
Corporate finance advisory for growing businesses in India
We help promoters, family businesses, mid-market companies and real estate developers raise equity and debt, structure financing that fits their cash flows, and fund growth projects. Based in Mumbai, working with clients across India and overseas.
WHAT WE DO
Equity, debt and everything in between
Equity fundraising
Growth rounds from family offices, HNIs, venture and private equity funds, with a clear equity story and a realistic valuation.
Debt fundraising
Term loans and lines from banks, NBFCs and credit funds, matched to your cash flows and security.
Structured finance
Mezzanine, convertible and hybrid instruments when plain debt or equity is not the right fit.
Project finance
Funding for plants, real estate projects and expansions, from financial model to lender selection and sanction.
Working capital advisory
Receivables, inventory and supplier finance to free up cash tied up in the business.
Capital structure review
A view on the right mix of debt and equity for the next three to five years, before you raise.
WHO WE WORK WITH
Businesses that need capital to grow
Most of our corporate finance clients have revenues or assets that lenders and investors can assess, and a clear use for the money.
Promoters and family businesses
Raising growth capital or refinancing without giving up control.
Mid-market companies
Funding expansion, new plants or acquisitions with the right mix of debt and equity.
Real estate developers
Construction finance, structured debt and project-level equity for ongoing developments.
HOW WE WORK
How a mandate runs, from first meeting to close
01
Diagnose
Objectives, capital need and a readiness review
02
Prepare
Model, valuation, IM, deck and data room
03
Target
Investor or buyer mapping and an outreach plan
04
Execute
Meetings, diligence and term negotiation
05
Close and report
Documentation, closing and ongoing reporting
RELEVANT EXPERIENCE
Mandates and transactions we have worked on
REAL ESTATE · 2021
USD 10M structured debt
Debt raise across three ongoing residential projects for a Karnataka developer.
MANUFACTURING · 2021
₹40 Cr project finance
Equity and term debt structuring for a greenfield plant in Maharashtra.
DIGITAL MARKETING · 2021
₹5–7.5 Cr pre-Series A
Growth capital raise for a B2B digital marketing group expanding into the UAE.
Clients are anonymised. Figures from prior roles are platform-level outcomes in which a VRM partner played a role.
QUESTIONS CLIENTS ASK
Frequently asked questions
Should we raise debt or equity?
It depends on how predictable your cash flows are, what assets you can offer as security and how much ownership you are willing to share. We model both before recommending a mix. Our article on debt vs equity financing explains the trade-offs.
How long does a fundraise take?
Typically four to nine months for a private company, of which the first one to two months go into preparation: the model, the information memorandum and the data room.
What do you charge?
Usually a monthly retainer plus a success fee on capital raised, agreed in a written engagement letter before work starts.
Do you only work in Mumbai?
No. We are based in Mumbai and work with businesses across India, and with international investors and assets.
Planning a raise or a refinancing?
Tell us what you need the capital for. A partner will tell you honestly what is achievable and how to get there.