For years, a certain kind of company has carried a Reserve Bank of India licence it never really wanted. Not a lender, not a deposit-taker, not a fintech, just a group holding company or a…
Key Takeaways SME IPO readiness is a financial hygiene problem, not a paperwork problem. Eligibility gets you in the door. Your last three years of books decide whether anyone is willing to walk you through…
On 6 August 2026 the Reserve Bank of India issued nine circulars on the same day, each amending the Responsible Business Conduct framework for a different class of lender. Together they replace scattered recovery instructions…
The valuation on the front page of a startup term sheet is the number founders celebrate. The clauses on the pages behind it are what actually decide how much you walk away with. This guide…
Key Takeaways Gross burn is the total cash you spend each month. Net burn is gross burn minus the cash you collect. Runway is built on net burn, not gross. Runway = current free cash…
If your business sells to large corporates, PSUs or government departments and then waits 60, 90 or even 120 days to get paid, the Reserve Bank of India just handed you something rare: a regulatory…
Key Takeaways Financial due diligence is not an audit. Investors are not checking whether your books are clean for the tax department. They are checking whether the story you told them in the pitch is…
On June 19, 2026, the Securities and Exchange Board of India cleared one of the largest ease-of-doing-business packages the Alternative Investment Fund (AIF) industry has seen in years. The headline reform has an aviation-themed name:…
Most founders treat their ESOP as a single decision. They carve out a pool when an investor asks for one, hand out a few grants, and move on. Then, two rounds later, the pool is…
Unit Economics 101: The 6 Numbers Investors Stress-Test in Indian Startups (2026) I have sat on the founder's side of enough fundraising conversations to know the exact moment a pitch changes gear. It is not…
