TaxSavvy

VCFO Lite

Fundraise readiness pack: financials, projections, ratios, valuation and data room

  • Before you meet investors we make your numbers investor-ready: clean financial statements for the last 3 months to 2 years, a 3 to 5 year projection model, the ratios investors in your sector check, a valuation view, a clean cap table and a data room.
  • Deadline: Start 2 to 3 months before investor meetings; valuation must be in hand before the board resolution approving the issue
  • Done in 2 to 4 weeks after books and documents are shared; valuation report adds the valuer's time
  • Prepared by your Savvy, checked by a CA
  1. Audited financial statements
  2. Which round
  3. Financial statements
  4. Investor-ready financial statements and MIS
The law and the stepsPay and start · QuoteOne time, refreshed before each round, + 18% GST

Answer in brief

Before you meet investors we make your numbers investor-ready: clean financial statements for the last 3 months to 2 years, a 3 to 5 year projection model, the ratios investors in your sector check, a valuation view, a clean cap table and a data room. You walk into meetings with answers instead of follow-ups.

Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

From the official sources

What the law says, and what trips people up

From the official portal's manuals and FAQs, with the source for each point.

The law

  • Companies (Share Capital and Debentures) Rules 2014, Rule 13

    An unlisted company issuing shares on a preferential basis needs a special resolution and a price not lower than that set by a registered valuer's report; allot within 12 months of the resolutionSource

  • Companies Act 2013, Sec 62(1)(c)

    Price of shares issued to persons other than existing holders (preferential issue) must be determined by a registered valuer's reportSource

  • FEMA (Non-Debt Instruments) Rules 2019, Rule 21 (pricing)

    Shares of an unlisted company issued to a non-resident must be priced at or above fair value under an internationally accepted method, certified by a practising CA, SEBI-registered merchant banker or practising cost accountantSource

  • Income-tax Act 1961, Sec 56(2)(viib) (now Sec 92)

    Angel tax on share premium does not apply from AY 2025-26; it still matters for older roundsSource

  • Income-tax Act 2025, Sec 102 (earlier Sec 68)

    Unexplained credits, including share money, can be taxed; keep investor KYC and source-of-funds proofSource

  • Government fee

    None for the pack itself. Statutory fees arise only on later filings (SH-7, MGT-14, PAS-3) handled in STU-RDY-08 and STU-POS-01.

On the portal

  1. No single portal. Check MCA master data and filing status for the company on mca.gov.in
  2. Download GST return status and TDS filing status from their portals for the data room
  3. Check DPIIT recognition and any scheme applications on startupindia.gov.in
  4. Store everything in the data room with an index and version dates

What trips people up

  • Outdated or incomplete cap table surfaces in due diligence

    Rebuild from registers, allotment returns and ESOP grants before outreachSource

  • Projections that cannot be defended when the committee or investor probes

    Keep a written assumptions sheet tied to traction dataSource

  • Founders cannot answer unit economics questions live

    Prepare CAC, LTV, gross margin, burn and break-even in advanceSource

  • Valuation report obtained after the board resolution

    Get the registered valuer's report before the board approves the issue; it cannot be backdatedSource

  • Stale or method-silent valuation certificate for a foreign investor

    Use a recent certificate that states the method; banks commonly reject old ones in FC-GPRSource

  • Share money from founders' friends without KYC or source proof

    Collect KYC, bank trail and source-of-funds documents for every investorSource

People ask

Do we still worry about angel tax on premium?

Not for raises from AY 2025-26 onwards; it can still matter for older rounds.Source

Who can do our valuation?

A registered valuer for Companies Act pricing; for a non-resident investor, fair value certified by a practising CA, SEBI merchant banker or practising cost accountant.Source

What does a valuer need from us?

Past and forecast financials, agreements, shareholding pattern, management discussions and a representation letter.Source

Which metrics should go in the deck?

Three-year projections, unit economics, runway, use of funds, market size and sector metrics such as retention, CAC and LTV.Source

Can a SEBI angel fund invest in any startup?

Angel funds invest only in startups not promoted by or related to a corporate group with turnover above ₹300 crore.Source

IDFD

How we solve it: 4 steps

Every line tracked live.

Step 1 of 4 · What we need from you

Tap each one you already have

Ready0 / 9
  • Audited financial statements, last 2 years
  • Monthly management accounts, latest months
  • Bank statements and capital structure records
  • Current shareholding and ESOP details
  • Key customer, vendor and founder agreements
  • Business plan and assumptions
  • Traction data: customers, pilots, LOIs
  • KYC of existing investors and source of funds
  • ROC, GST, TDS filing statusOptional

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

Connect nowPay and start: Quote

Answers on this topic

Ask any money problem

Pay and start

Quote

+ 18% GST

One time, refreshed before each round. Delivered in 2 to 4 weeks after books and documents are shared; valuation report adds the valuer's time. Due: Start 2 to 3 months before investor meetings; valuation must be in hand before the board resolution approving the issue

This one is quoted after your Savvy has a quick look. Start from the main plan above.

  • Every paid answer checked by a CA
  • Fixed price before you pay
  • Track every step live
  • Updates on WhatsApp and in your dashboard