Insights

Perspectives from
practitioners.

Expert analysis on M&A, startup fundraising, FEMA, valuations, and the evolving regulatory landscape — written by the advisors who live this work every day.

Featured Article

The Complete Guide to
FDI Compliance in 2025

March 2025 12 min read

The Complete Guide to FDI Compliance for Indian Startups Raising Foreign Capital

Foreign investment into Indian startups has grown significantly — but so has the complexity of FEMA compliance. From choosing between automatic and approval routes to getting your FC-GPR filings right, this guide covers everything founders and CFOs need to know in 2025.

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Latest Insights

Tax / Finance Act 2025

Jun 202510 min read

Finance Act 2025: New Valuation Rules for Share Transfers

FMV is now mandatory for all share transfers in unlisted companies. Here is what changed under Finance Act 2025 and what founders and investors must do to stay compliant.

Tax / Valuations

Jun 202512 min read

Valuation of Equity Shares: Issuance & Transfer under Finance Act 2025

Angel tax, Rule 11UA methods, DCF vs NAV, and the DPIIT startup exemption — a complete guide to equity share valuation for issuance and secondary transfers.

Tax / Valuations

Jun 202511 min read

Valuation of Preference Shares under Finance Act 2025

CCPS, OCPS, redeemable preference shares — how each is valued for issuance and transfer, and the FEMA overlay when non-residents are involved.

Transaction Advisory

Feb 20258 min read

5 Due Diligence Red Flags Every Acquirer Should Know

Most acquisitions fail not because the deal was bad, but because the diligence was incomplete. Here are the five issues we see most often — and how to spot them early.

Jan 20256 min read

SAFE Notes in India: What Founders Get Wrong

SAFEs are increasingly common in Indian seed rounds — but they're often structured incorrectly for Indian law. Here's what to watch out for and how to get it right.

Jan 20257 min read

How to Value a Pre-Revenue Startup for an ESOP Grant

ESOP valuations for pre-revenue companies require a different approach than traditional DCF. We explain the methods, the regulatory requirements, and how to get a defensible number.

Dec 20249 min read

ODI in 2025: A Practical Guide for Indian Companies Going Global

Outbound Direct Investment rules have been updated significantly. If your Indian company is setting up an overseas subsidiary or JV, here's what the new framework means for you.

Nov 20245 min read

Why Your Cap Table Is Your Most Important Legal Document

Most founders don't realise how much a messy cap table can complicate a future fundraise or acquisition. Get it right from day one — here's how.

Oct 202410 min read

Tax-Efficient M&A Structuring: Slump Sale vs. Itemised Asset Transfer

The structure of your acquisition can make or break the economics. We walk through the tax implications of the two most common deal structures and when to choose each.

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