Valuation advisory
Business valuation and valuation advisory in India
Oogway Ventures values businesses and transactions for Indian promoters, investors and acquirers. Our chartered accountant partners prepare valuations for private equity investments, fundraises, promoter buyouts, strategic sales and acquisitions, using the methods that fit the business and the deal, and then defend the number in negotiation.
What's included
What our valuation work covers
Fundraise and private equity valuation
What the business is worth to an investor, how to support that value, and how to hold it through the term sheet.
M&A and strategic sale valuation
Standalone value, the synergies a buyer can expect, and the price range each side can justify.
Promoter buyout and MBO valuation
A fair value for exiting shareholders and a price the buyers can finance.
Stressed and special-situation valuation
What a stressed business or asset is worth under a realistic revival plan, net of the claims on it.
Valuation for capital decisions
Comparing the value promoters keep under a stake sale, a fundraise or an IPO.
Valuation in negotiation
Supporting negotiations on valuation, payment terms, dilution and investor protections.
How we work
Valuation with Oogway, in four steps.
- Step 1
Understand the purpose
A valuation for a fundraise, a buyout or a distressed acquisition answers different questions. We start there.
- Step 2
Choose the methods
Discounted cash flow, listed comparables, comparable transactions or asset value, usually more than one.
- Step 3
Build and test the model
We test the forecast, the assumptions and the sensitivities a counterparty will challenge.
- Step 4
Defend the number
We take the valuation into the negotiation and support it on price and structure.
When you need it
When companies come to us for valuation
- Before raising capital, so you know what a fair valuation looks like
- When an investor or buyer sends a term sheet
- Before buying or selling a business or a stake
- At a shareholder exit, succession or buyout
- When evaluating a stressed asset or NPA-backed business
Common questions
Valuation: frequently asked questions
Which valuation methods do you use?
We use the methods relevant to the business and the purpose: discounted cash flow, comparable listed companies, comparable transactions and net asset value. Most valuations triangulate across more than one method.
Why does the purpose of a valuation matter?
Because the question changes. A fundraise valuation asks what an investor will pay for a minority stake; a buyout valuation asks what a controlling buyer can finance; a stressed-asset valuation asks what the business is worth after the cost of revival. The method and the number follow from the purpose.
Can you value a loss-making or stressed company?
Yes. For stressed businesses we value the revival plan and the underlying assets, and account for the debt and claims attached to them. Special-situation valuation is led by Aman Lohiya, a former special situation fund manager.
Do you issue statutory valuation reports?
Where a regulation requires a report from an IBBI-registered valuer or a SEBI-registered merchant banker, we coordinate with one and carry out the commercial valuation work alongside.
What information do you need to start?
Audited financials, recent management accounts, the business plan or projections, and details of the transaction. Clean, timely financial information makes the valuation faster and easier to defend.