Harun Raaj & AssociatesHarun Raaj & Associates
Wealth & Treasury Management

Fundraising Support

Fundraising Support

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Overview

Fundraising support is the operating layer of a capital raise — the day-to-day machinery that turns a fundraising ambition into a closed round. It covers the documents (the pitch deck, the financial model, the data room), the process (the investor pipeline, the meetings, the follow-ups, the diligence responses), and the legal mechanics (the term sheet, the subscription documents, the share issue under Section 62 or the private placement under Section 42 of the Companies Act 2013, the filings and the cap table). Where the advisory designs the strategy, the support runs the process.

The raise fails or succeeds on the machinery. Investors judge the company by the quality of what they see and how the process is run — a data room that answers their questions fast, a model that ties, a process that moves with discipline. The support layer is what makes the company look like a company worth investing in, and it is where most founders underestimate the effort.

The cost of running a raise without the machinery is the slow death of the process: meetings that go nowhere because the follow-up is weak, diligence that stalls because the data room is thin, terms that get worse because the process drags. A good business with a bad process raises at a discount or not at all.

This service is for companies in an active raise. We run the process — the materials, the pipeline, the diligence responses, the document management and the closing mechanics — so the founders can run the business while the raise runs itself.

How It Works

  1. 1

    Raise Operations Setup

    We set up the raise infrastructure — materials, pipeline tracker and data room.

    Harun Raaj & Associates does this1 week
  2. 2

    Material & Data Room Management

    We maintain the deck, model and data room and update them through the process.

    Harun Raaj & Associates does thisOngoing
  3. 3

    Pipeline & Meetings

    We manage the investor pipeline, the meetings and the follow-ups.

    Harun Raaj & Associates does thisOngoing
  4. 4

    Diligence & Documentation

    We answer the diligence, prepare the documents and manage the term sheet process.

    Harun Raaj & Associates does thisOngoing
  5. 5

    Closing & Records

    We close the round with the filings and the cap table in order.

    Harun Raaj & Associates does this2-4 weeks

Frequently Asked Questions

What is the filing sequence for a private placement round under Companies Act 2013?
A private placement follows Section 42 of Companies Act 2013 read with Rule 14 of Companies (Prospectus and Allotment of Securities) Rules 2014. The company must issue a Private Placement Offer cum Application Letter in Form PAS-4, collect application money in a separate bank account, pass a special resolution, allot within 60 days of receipt of application money, and file Form PAS-3 (Return of Allotment) with the RoC within 15 days of allotment. Failure to allot within 60 days triggers a mandatory refund with 12% interest under Section 42(6).
Angel tax under Section 56(2)(viib) — does it still apply to my startup round?
Section 56(2)(viib) of ITA 1961 (angel tax on share premium received by closely held companies) was abolished with effect from April 1, 2025 by Finance Act 2024. For shares issued on or after that date, no angel tax applies regardless of whether the investor is resident or non-resident. For shares issued before April 1, 2025, the old provision and CBDT Notification No. 29/2023 safe harbours (DCF, NAV, comparable company method) remain applicable for any pending assessment.
When does a foreign investment require FC-GPR filing and what is the deadline?
Any issue of equity instruments (equity shares, compulsorily convertible preference shares, compulsorily convertible debentures) to a person resident outside India under FEMA 20(R) — Foreign Exchange Management (Non-Debt Instruments) Rules 2019 — requires reporting in Form FC-GPR on the RBI FIRMS portal. The filing must be made within 30 days of the date of issue of instruments. The authorised dealer bank certifies the filing. Late filing attracts compounding under FEMA 13(R).
Can a company raise funds through a rights issue instead of private placement, and what forms apply?
Yes. A rights issue to existing shareholders is governed by Section 62(1)(a) of Companies Act 2013 and does not require Form PAS-4 or a special resolution. The offer letter must be dispatched to all existing shareholders in proportion to paid-up capital, with a minimum offer period of 15 days and maximum 30 days. If any shareholder renounces rights in favour of an outsider, the outsider must not be disqualified under Section 62(1)(b). Form PAS-3 is still required post-allotment for RoC filing within 15 days.
What valuation certificate is needed for a preferential allotment to comply with Companies Act requirements?
For unlisted private companies, Section 62(1)(c) read with Rule 13 of Companies (Share Capital and Debentures) Rules 2014 requires a special resolution and a valuation report from a Registered Valuer (Securities or Financial Assets class) under Companies Act 2013 Section 247 read with Companies (Registered Valuers and Valuation) Rules 2017. The price per share must not be less than the fair value determined by the Registered Valuer. The valuation report must be obtained before the board resolution authorising the allotment.

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Start — upload documents, pay when ready →