An equity funding consultant in Delhi has to solve a problem that advisers in most other Indian cities never face: a company that describes itself as Delhi-based may be registered in Delhi, Haryana or Uttar Pradesh, and that single fact decides which Registrar of Companies receives the allotment return, which NCLT bench hears any dispute, and how the paperwork behind an equity round is sequenced.
Marcken Consulting LLP advises Delhi NCR founders, promoters and management teams on equity rounds from pre-seed to pre-IPO: investor readiness, cap table design, term sheet review, valuation, FEMA compliance and Companies Act filings, delivered as one coordinated engagement. This guide sets out how the NCR funding market is moving, what each type of round requires, and how the 2026 changes to India’s land-border investment rules affect a foreign round.
Already know what you need? Skip straight to a conversation. Our scoping calls are free, take 15 minutes, and cover your round structure, the state your company is registered in, and the valuation and FEMA steps that follow.
Call: +91 99980 59923 | Email: crm@marckenconsulting.com
1. Delhi NCR’s Equity Funding Ecosystem
Delhi NCR startups raised USD 2.9 billion in 2025, up 9 per cent from USD 2.7 billion in 2024, according to Tracxn’s annual report as covered by Business Standard. The shape of that growth matters more than the headline. Deal volume fell 34 per cent, from 630 funding rounds to 415. Late-stage funding rose 47 per cent to USD 1.8 billion, while seed funding fell 38 per cent to USD 260 million and early-stage funding fell 18 per cent to USD 839 million. Capital in the region is concentrating in fewer, larger and later rounds, which raises the standard of documentation, valuation and compliance record that investors expect to see.
The first quarter of 2026 sharpened the geography. Tracxn recorded USD 1.7 billion raised by NCR startups in the quarter, with Gurugram accounting for 52 per cent of the region’s funding and Noida for 27 per cent, as reported by Entrepreneur India. Gurugram is in Haryana and Noida is in Uttar Pradesh, so close to four-fifths of that quarter’s funding went to startups based outside the National Capital Territory. For an adviser, this is why the state of registration, not the postal address, has to be confirmed before anything else.
Delhi NCR is also the most public-market-facing startup hub in the country. Inc42 counted 23 listed new-age technology companies in the region at the end of December 2025, against 13 in Bengaluru and eight in Mumbai, and reported that PhysicsWallah, Pine Labs, Lenskart and Urban Company listed during 2025. For an unlisted NCR company, that track record makes pre-IPO discipline relevant from the first institutional round rather than only the last. Our guide to IPO readiness for Delhi NCR companies covers the listing side.
The capital sources active in the region, as identified by Tracxn, include:
- Seed and angel capital: Inflection Point Ventures, India Accelerator and Venture Catalysts were the most active seed-stage investors in NCR in both the first nine months of 2025 and the first quarter of 2026.
- Early-stage institutional capital: Peak XV Partners and Bain Capital Ventures were among the prominent early-stage investors in the first quarter of 2026.
- Late-stage and growth capital: OrbiMed, Blume Ventures and Swedfund led late-stage funding in the first quarter of 2026. Where any investor in a round subscribes through a non-resident entity, the round is foreign direct investment and FEMA applies from the first rupee.
- Foreign strategic and corporate investors: a subscription by any person resident outside India brings the FDI Policy, the pricing rules under FEMA and the reporting obligations on RBI’s FIRMS portal into the round.
How to Raise Equity Funding for Your Delhi NCR Startup or MSME
Raising equity funding in Delhi NCR sits under four layers of law: the Companies Act, 2013; FEMA and the FDI Policy; SEBI rules where a listed company or a SEBI-registered fund is involved; and the Income-tax framework. Two questions decide how heavy the process is: which state is the company registered in, and is any investor, at any level of its ownership chain, a non-resident?
- Map the jurisdiction: confirm the state of the registered office. Delhi and Haryana companies file with ROC Delhi and Haryana; Uttar Pradesh companies file with ROC Kanpur. The NCLT bench that would hear a dispute follows the state as well.
- Get investor-ready: audited accounts, a cap table with a complete paper trail, demat compliance where Rule 9B applies, and a financial model that can carry both investor diligence and a valuation.
- Classify every investor: resident or non-resident, and for a non-resident, whether the investor entity or its beneficial owner has any link to a country sharing a land border with India.
- Obtain the right valuation: a Registered Valuer report under Rule 13 for the Companies Act; a FEMA fair value certificate for any non-resident allottee, dated within 90 days of allotment.
- Approve, allot and file: special resolution at an EGM, allotment within 60 days of the inward remittance, PAS-3 within 15 days of allotment, and FC-GPR on FIRMS within 30 days of allotment for foreign rounds.
2. What an Equity Funding Consultant in Delhi Does
2.1 Investor Readiness and Pre-Fundraising Advisory
Institutional investors in a concentrated late-stage market read the compliance record closely. An unfiled return, a missing FC-GPR or a valuation signed by the wrong professional will surface in legal diligence and can reprice or delay a closing. Before approaching investors, a Delhi NCR company should have in place:
- Audited accounts: two to three years of audited financials, which serve as the base for investor diligence and for the valuation.
- A clean allotment history: for every past allotment, the board resolution, special resolution, PAS-3 and, for any earlier foreign investment, the FC-GPR filing.
- Beneficial ownership disclosures: up-to-date significant beneficial owner filings under the Companies Act. Foreign investors and the FDI approval process both ask for beneficial ownership detail.
- Demat compliance: Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014 requires private companies that are not small companies to issue securities only in dematerialised form; the extended compliance date was 30 June 2025. Since 1 December 2025 a small company means a private company with paid-up capital up to INR 10 crore and turnover up to INR 100 crore, and a holding or subsidiary company cannot qualify as small. Confirm the company’s status before the next allotment.
- A financial model: a three-to-five year model with documented assumptions and use of proceeds, built to support the DCF valuation that a foreign round needs.
2.2 Cap Table Design and Structuring
Cap table design has to be tested against the next two rounds, not only the current one. Marcken Consulting LLP models the following before a term sheet is signed:
- Pre-money and post-money dilution across base, upside and down-round scenarios
- Choice of instrument: equity shares, CCPS or CCDs, each with a different FEMA reporting and valuation consequence at issue and at conversion
- ESOP pool size and whether it sits inside the pre-money, which determines how much of the dilution founders absorb
- Liquidation preference, anti-dilution and information rights, and how each interacts with a later foreign round
- Secondary sale by founders or early investors, including a transfer from a resident to a non-resident, which is subject to its own pricing floor and FC-TRS reporting
2.3 Term Sheet Review and Negotiation Support
A term sheet is a commercial document with regulatory consequences inside it. From a financial and regulatory standpoint, the clauses that need attention are the headline pre-money valuation (which becomes the reference point for the FEMA pricing floor if any co-investor is a non-resident), preference terms and their FEMA classification, transfer and drag-along provisions that trigger reporting, and conditions precedent that demand a clean compliance position. Marcken Consulting LLP reviews these provisions and coordinates with the company’s legal counsel, who advise on the legal drafting.
2.4 Startup Valuation Requirements in Delhi NCR: Which Report, Which Signatory
Share valuation in Delhi and company valuation in Delhi NCR for an equity round is driven by who the investor is. An IBBI Registered Valuer in Delhi signs the report for the Companies Act; a Chartered Accountant, a SEBI-registered Category I Merchant Banker or a practising Cost Accountant certifies the fair value that FEMA requires for a non-resident allottee.
- Companies Act (every preferential allotment, resident or not): Section 62(1)(c) read with Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 requires a valuation report from a Registered Valuer for an unlisted company, supporting the special resolution and its explanatory statement.
- FEMA (any non-resident allottee): under Rule 21 of the RBI Master Direction – Foreign Investment in India, implementing the FEM (Non-Debt Instruments) Rules, 2019, the issue price for an unlisted company cannot be below fair value determined by an internationally accepted pricing methodology on an arm’s-length basis, certified by a Chartered Accountant, a SEBI-registered Category I Merchant Banker or a practising Cost Accountant. The certificate should be no more than 90 days old at allotment, so the valuation timeline has to be planned around the closing date.
- Mixed rounds: where residents and non-residents subscribe together, both requirements have to be satisfied, and the issue price cannot fall below the FEMA floor for the non-resident allottees.
Marcken Consulting LLP prepares the DCF valuation for foreign rounds and arranges Merchant Banker certification where the investor or its counsel specifies it. Domestic Registered Valuer reports are signed in-house by CA Murli Chandak, IBBI-Registered Valuer for Securities or Financial Assets. Related reading: Business Valuation in India: The Complete Regulatory Guide, Business Valuation Consultant in Delhi, Registered Valuer in Delhi and Valuation Report for Private Placement of Shares.
Raising an Equity Round in Delhi NCR? Marcken Consulting LLP offers a no-charge 30-minute consultation to walk through your cap table, the valuation your round needs, and the filing sequence for the state your company is registered in.
Note: PAS-3 is due within 15 days of allotment and FC-GPR within 30 days. Starting the valuation before the allotment date, not after it, keeps both deadlines comfortable.
Call: +91 99980 59923 | Email: crm@marckenconsulting.com
3. FEMA Compliance for Foreign Investment in Delhi, Haryana and Uttar Pradesh
3.1 Domestic Round: Companies Act Sequence
An unlisted private limited company raising equity from resident investors under the Companies Act, 2013 follows this sequence:
- Board resolution approving the offer and calling the EGM
- Registered Valuer report under Rule 13
- Special resolution with an explanatory statement covering allottees, price, basis of price and purpose
- Dedicated bank account for the subscription money
- Demat readiness: ISIN and depository arrangements in place where Rule 9B applies
- Allotment after receipt of funds
- Form PAS-3 within 15 days of allotment, filed with the Registrar of the state where the company is registered: ROC Delhi and Haryana for Delhi and Haryana companies, ROC Kanpur for Uttar Pradesh companies
3.2 Foreign Round: The FEMA Layer
FEMA is triggered by the residence of the investing entity, not by the nationality of the individuals behind it. A foreign round adds these steps to the Companies Act sequence:
- Confirm sector, cap and route under the Consolidated FDI Policy. Most technology and consumer sectors are on the automatic route; financial services, defence and certain other sectors carry conditions.
- Run the land-border check described in section 3.4 before the term sheet is finalised.
- Obtain the FEMA fair value certificate described in section 2.4, dated within 90 days of allotment.
- Receive the subscription through banking channels, with the authorised dealer bank issuing the foreign inward remittance certificate.
- Allot within 60 days of receiving the inward remittance.
- File Form FC-GPR on RBI’s FIRMS portal through the AD bank within 30 days of allotment. The RBI office in the capital is the New Delhi Regional Office at 6 Sansad Marg, but the filing itself is made through the AD bank.
3.3 When the Government Route Applies: DPIIT and the FIF Portal
Where a sector or an investor falls under the Government route, the application is decided in Delhi, not by RBI or the AD bank. Under the DPIIT Standard Operating Procedure dated 4 May 2026, proposals are filed online through the Foreign Investment Facilitation (FIF)/NSWS portal, with no physical filing. DPIIT identifies the administrative ministry and assigns the proposal; RBI comments from the FEMA perspective; and the Ministry of Home Affairs gives security clearance for the categories the SOP lists, which include defence, space, telecommunications, broadcasting, civil aviation and private security agencies. The SOP’s indicative timeline is 12 weeks from circulation to decision, excluding the time an applicant takes to answer queries.
For founders, the practical point is sequencing. An approval-route investment needs the approval before the money moves, so the FIF filing, the valuation and the term sheet timetable have to be planned together. The application also needs shareholding patterns, beneficial ownership details, the investment agreement and the valuation certificate, so the diligence file assembled for the round is the same file the application draws on.
3.4 Land-Border Investors After Press Note 2 (2026)
Press Note 2 (2026 Series) dated 15 March 2026, read with the FEM (Non-Debt Instruments) (Amendment) Rules, 2026 dated 1 May 2026, restructured the rule that previously sent any investor with a land-border link to the Government route. The position now has three parts:
- Prior approval: an entity or citizen of a country sharing a land border with India can invest only through the Government route. So can an investor whose beneficial owner is a citizen of such a country, where that person or entity holds rights above the applicable thresholds under Rule 9(3) of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, or has the ability to exercise control over the investor or ultimate effective control over the Indian investee.
- Reporting instead of approval: where an investor has some direct or indirect land-border ownership that stays below the applicable threshold and does not confer control, prior approval is not required, but the investment must be reported in the format prescribed by DPIIT. The report is made on the portal by the Indian investee, before the inward remittance is received.
- Expedited track: for land-border investors holding up to 49 per cent of an investee in the sectors listed in Schedule II of the SOP, with Indian residents holding majority ownership and control at all times, the decision is to be conveyed within 60 days of filing. The Schedule II list covers areas such as electronic component manufacturing, battery manufacturing and advanced battery components, polysilicon and rare earth magnets.
For an NCR company taking money from a fund, the consequence is a diligence step: the fund’s limited partners and control rights have to be mapped against these tests before closing, because the answer decides whether the round proceeds on the automatic route, proceeds with a report, or waits for approval.
3.5 Convertible Instruments: CCPS and CCDs
Compulsorily convertible preference shares and debentures are treated as equity under FEMA from the date of issue, so the pricing floor, route and FC-GPR filing apply at issue. If the conversion price is a formula linked to a later round or a valuation cap, a fresh valuation is needed at conversion, reflecting fair value on that date. The instrument’s conversion mechanics should therefore be reviewed against FEMA before it is issued, not after.
4. ESOP Structuring for Delhi NCR Companies Raising Equity
Almost every institutional term sheet asks for an ESOP pool, and companies preparing for an IPO usually formalise one earlier still. Three points deserve attention during a raise:
- Pool sizing and dilution: when the pool is created inside the pre-money on a fully diluted basis, founders absorb the dilution, so the effective pre-money valuation for founders is lower than the headline figure.
- Exercise price and valuation: the exercise price, the fair value used for accounting and the value used for perquisite tax are separate questions with separate valuation dates. Our guide to ESOP consulting in India and the local edition for Delhi NCR explain each.
- Non-resident employees and directors: ESOPs granted to non-residents are governed by specific provisions of the NDI Rules, and an allotment that results in foreign investment carries reporting obligations. Confirm the applicable conditions and form before the grant, not at exercise.
5. Sector-Specific Equity Funding in Delhi NCR
Auto Tech, EV and Mobility
Business Standard’s coverage of the Tracxn data credited a strong year for auto tech as one of the drivers of NCR’s late-stage funding surge in 2025. Companies in mobility, EV and battery businesses raising from foreign investors need a DCF built on unit economics, asset intensity and the stage of manufacturing. Battery manufacturing and advanced battery components appear on the SOP’s expedited list for land-border investors, so the beneficial ownership analysis in section 3.4 is often the first workstream for these companies.
Consumer, D2C and Retail
Consumer internet and retail businesses in Delhi, Gurugram and Noida raise capital against customer acquisition cost, repeat purchase behaviour, channel mix and contribution margin after returns and logistics. A DCF that ties each assumption to reported cohort data is defensible with investors and with a FEMA reviewer. Trademark protection is an early diligence item; see Trademark Consultant in Delhi.
Fintech and BFSI
Fintech and lending companies are valued on their licence position. A DCF has to reflect whether the business holds an NBFC certificate of registration, a payment aggregator authorisation or neither, and sectoral conditions for financial services have to be checked before any foreign subscription. See NBFC License Consultant in Delhi for the RBI registration side.
Defence, Aerospace and Government-Linked Technology
Inc42 reported that a defence tech startup raised USD 100 million at a USD 900 million valuation in 2025. Defence investment carries a sectoral cap and route under the FDI Policy that must be confirmed against the current text at the time of the round, and the DPIIT SOP lists defence among the categories that need Home Ministry security clearance. A valuation for a company with government customers has to treat order-book conversion, payment cycles and export-licence risk explicitly.
Get a Fee Quote for Your Delhi NCR Equity Round Tell us your sector, the state your company is registered in, the round size and whether any investor is a non-resident, and we will send a fixed-fee proposal within one business day.
Call: +91 99980 59923 | Email: crm@marckenconsulting.com
6. How Marcken Consulting LLP Supports Equity Funding and Investor Readiness in Delhi
Marcken Consulting LLP is the equity funding consultant in Delhi for NCR companies that want valuation, structuring and regulatory compliance handled together, with one team accountable for the sequence. The firm’s valuation and fundraising-related work spans fintech and lending, food and consumer brands, healthcare and medtech, renewable energy, infrastructure and EPC, education technology and manufacturing, which gives Delhi NCR founders a team that has met the sector questions their investors will ask.
- Jurisdiction and investor mapping: registration state, ROC and NCLT position, investor residence and land-border screening, completed before the term sheet is finalised.
- Financial modelling: sector-specific DCF models with documented assumptions, built for investor diligence and for FEMA review.
- Cap table design: round-by-round dilution modelling, ESOP pool sizing and convertible instrument structuring.
- Valuation: Registered Valuer reports under Rule 13 signed in-house, and FEMA fair value certification arranged through Category I Merchant Banker relationships where the investor requires it.
- FDI approval support: assembly of the FIF portal application and the land-border reporting file where the Government route or reporting applies.
- Allotment and filings: resolutions, PAS-3 with the correct Registrar, and FC-GPR documentation coordinated with the AD bank within the 30-day window.
- Pre-IPO review: a review of all past allotments for companies heading towards listing, so gaps are closed before diligence begins.
- ESOP valuation and structuring: fair value work at grant and exercise, timed with the fundraising calendar.
We also advise Delhi NCR businesses on IPO readiness, NBFC registration, GST compliance and virtual CFO services, all of which feed into a clean fundraising record.
How an Engagement Works
- Scoping call: 15 minutes on the round, investors, sector and registration state.
- Review and mapping: cap table, past allotments, investor structure and the applicable route.
- Valuation and structuring: model, valuation reports and instrument design.
- Approvals and documents: resolutions, explanatory statement and any FIF portal or reporting filing.
- Allotment and closing file: allotment, PAS-3, FC-GPR and a complete compliance record for the next round’s diligence.
Fees
Marcken Consulting LLP quotes a fixed fee after the scoping call. The main drivers are the number of instruments and investor classes, whether a foreign valuation and certification are needed, whether the Government route or land-border reporting applies, the number of past allotments to review, and the timetable to closing.
Quick Reference: What Does Your Delhi NCR Equity Round Require?
| Scenario | Valuation Required | Who Signs or Certifies | FEMA Step | Companies Act Step |
|---|---|---|---|---|
| Domestic angel or VC round (all residents) | Yes, for Rule 13 | IBBI Registered Valuer | None | Special resolution; PAS-3 within 15 days |
| Foreign VC or PE round, automatic route | Yes, Rule 13 report and FEMA fair value certificate | Registered Valuer; CA, Category I Merchant Banker or Cost Accountant for FEMA | FC-GPR within 30 days of allotment | Special resolution; PAS-3 within 15 days |
| Foreign round needing Government approval | Yes, and the certificate forms part of the application | As above | FIF portal approval before remittance; then FC-GPR | Special resolution; PAS-3 within 15 days |
| Investor with limited land-border ownership below threshold, no control | Yes, as for any foreign round | As above | DPIIT report on the portal before remittance; then FC-GPR | Special resolution; PAS-3 within 15 days |
| CCPS or CCD issued to a non-resident | Yes at issue; again at conversion if the price is formula-based | As above | FC-GPR at issue; reporting at conversion | Special resolution; PAS-3 at each allotment |
| Secondary sale, resident to non-resident | Yes, price floor for the buyer | CA, Category I Merchant Banker or Cost Accountant | FC-TRS within 60 days of transfer | Transfer documentation |
| ESOP grant in an unlisted company | Yes, at grant and exercise, for accounting and tax purposes | As applicable to the purpose | Depends on the residence of the employee | Scheme resolution; PAS-3 on exercise allotment |
Regulatory Offices Relevant to a Delhi NCR Equity Round
Addresses below are as published by each authority. Which office applies depends on the state in which the company is registered.
| Authority | Covers | Address |
|---|---|---|
| Registrar of Companies, Delhi and Haryana | NCT of Delhi and Haryana, including Gurugram | 4th Floor, IFCI Tower, 61 Nehru Place, New Delhi 110019 |
| Registrar of Companies, Kanpur | Uttar Pradesh and Uttarakhand, including Noida and Ghaziabad | 10/499-B, Allenganj, Khalasi Line, Kanpur 208002 |
| RBI New Delhi Regional Office | FEMA administration; FC-GPR is filed through the AD bank on FIRMS | 6 Sansad Marg, New Delhi 110001 |
| SEBI Northern Regional Office | Listed companies, intermediaries and funds in the northern region | NBCC Complex, Office Tower-1, 8th Floor, Plate B, East Kidwai Nagar, New Delhi 110023 |
| NCLT, Principal Bench and New Delhi Bench | NCT of Delhi | Block 3, CGO Complex, Lodhi Road, New Delhi 110003 |
| NCLT, Chandigarh Bench | Haryana, Punjab, Himachal Pradesh, Jammu and Kashmir and Chandigarh | Corporate Bhawan, Sector 27-B, Madhya Marg, Chandigarh 160019 |
| NCLT, Allahabad Bench | Uttar Pradesh and Uttarakhand | Allahabad (Prayagraj) |
| Principal Chief Commissioner of Income Tax, Delhi | Delhi region income tax administration | C.R. Building, I.P. Estate, New Delhi 110002 |
| DPIIT, Ministry of Commerce and Industry | Government-route FDI proposals and land-border reporting | Online through the FIF portal at fifp.gov.in |
Checklist: When Does a Delhi NCR Company Need a Valuation or a FEMA Filing?
- You are issuing shares to any investor on a preferential basis: a Registered Valuer report is needed under Rule 13.
- Any allottee is a non-resident, including an NRI investing on a repatriable basis: a FEMA fair value certificate and FC-GPR are needed.
- Your company is registered in Haryana or Uttar Pradesh but operates from Delhi: confirm the ROC and the NCLT bench before you file anything.
- A fund’s limited partner, sponsor or controlling person has any link to a country sharing a land border with India: run the Press Note 2 test before closing.
- Your sector is defence, space, telecommunications, broadcasting, civil aviation or private security: expect Government-route review and security clearance.
- You are converting CCPS or CCDs on a formula price: a fresh valuation is needed at conversion.
- A founder or early investor is selling shares to a non-resident: the price floor and FC-TRS reporting apply.
- Your valuation certificate is more than 90 days old at the planned allotment date: refresh it before allotting.
- You are a private company that is not small, or a holding or subsidiary company, and you have not moved to demat: complete it before the next allotment.
- You are planning an IPO within the next few years: review every past allotment now.
Frequently Asked Questions
1. Our office is in Gurugram (or Noida). Which Registrar and which NCLT bench apply?
They follow the state of the registered office, not the city you operate from. A Gurugram company is registered in Haryana: it files with ROC Delhi and Haryana, and NCLT matters go to the Chandigarh Bench, because Haryana’s jurisdiction moved from New Delhi to Chandigarh by notification in February 2017. A Noida company is registered in Uttar Pradesh: it files with ROC Kanpur, and NCLT matters go to the Allahabad Bench. A company registered in the National Capital Territory of Delhi files with ROC Delhi and Haryana, and the New Delhi Bench hears NCLT matters. Check the registered office address on the certificate of incorporation before planning filings.
2. A US fund is investing, but one of its limited partners is from a land-border country. Do we need Government approval?
Not automatically. Under Press Note 2 (2026), prior approval is needed when a land-border citizen or entity holds rights above the applicable Rule 9(3) thresholds in the investor entity, or can exercise control over the investor or ultimate effective control over your company. Where land-border ownership stays below the threshold and confers no control, approval is not required, but the Indian investee must report the investment on the DPIIT portal before the inward remittance. The fund’s ownership chain and control rights therefore need to be mapped early, and the fund should be asked for the information the reporting format requires.
3. Can a Chartered Accountant certify the FEMA valuation, or is a Merchant Banker required?
Rule 21 of the NDI Rules names three professionals for an unlisted company’s fair value certificate: a Chartered Accountant, a SEBI-registered Category I Merchant Banker and a practising Cost Accountant, applying an internationally accepted pricing methodology on an arm’s-length basis. Professional independence rules apply to the individual engagement. Where the term sheet or the investor’s counsel specifies Merchant Banker certification, that becomes the requirement for your round, and Marcken Consulting LLP arranges the certification so the report satisfies both the rule and the investor.
4. How long is a FEMA valuation certificate valid?
The certificate should be no more than 90 days old on the date of allotment. If closing slips beyond that window, the valuation needs to be refreshed, so it is sensible to fix the valuation date after the closing timetable is realistic rather than at the start of negotiations.
5. Our foreign investment needs Government approval. Can we receive the money first?
No. Where the Government route applies, the approval has to be in place before the investment is made. The DPIIT SOP sets an indicative timeline of 12 weeks from circulation to decision, excluding the time an applicant takes to answer queries, so the approval process should be built into the closing timetable from the outset. Once the approval is received, the usual valuation, remittance, allotment and FC-GPR steps follow.
6. How do I get started?
Book a 15-minute scoping call. We confirm your registration state, investor types, the applicable route and the valuation and filing sequence, and then send a fixed-fee proposal. Write to crm@marckenconsulting.com or message us on WhatsApp.
Related Services and Guides
- Business Valuation Consultant in Delhi: DCF, NAV and Merchant Banker reports for Delhi NCR companies
- Registered Valuer in Delhi: IBBI Registered Valuer services for share valuation, ESOP, mergers and NCLT matters
- Business Valuation in India: Complete Regulatory Guide: frameworks, methodologies and signatory rules
- IPO Consultant in Delhi: IPO readiness for NCR companies
- NBFC License Consultant in Delhi: RBI registration for lending and fintech companies
- RERA Registration in Delhi: Delhi RERA registrar office and compliance guide for real-estate-linked equity rounds
- ESOP Consultant in Delhi: scheme design, valuation and tax compliance
- GST Consultant in Delhi: head office compliance and NCR trading
- Virtual CFO Services in Delhi: MIS, cash flow and fundraising support
- Trademark Consultant in Delhi: IP protection ahead of investor diligence
- Which Valuation Report Do You Need?: decision guide for founders and CFOs
- 7 Things Founders Should Fix Before Getting a Startup Valuation
- Equity Funding Consultant in Mumbai: the Maharashtra edition of this guide
- Equity Funding Consultant in Bangalore: the Karnataka edition of this guide
- Equity Funding Consultant in Ahmedabad: the Gujarat edition of this guide
Official sources referred to in this guide: IBBI register of Registered Valuers, SEBI office directory, NCLT New Delhi Bench, MCA Registrar of Companies contacts, RBI FIRMS portal and the ICAI valuation standards.
Speak to Us
Marcken Consulting LLP offers a no-charge 30-minute consultation to discuss your equity round, cap table structure, valuation requirement or FEMA compliance position.
Marcken Consulting LLP | CA Murli Chandak, IBBI-Registered Valuer (Securities or Financial Assets)
Website: marckenconsulting.com
Phone: +91 99980 59923 / +91 99985 39902
Email: crm@marckenconsulting.com
Book a Free Consultation Chat on WhatsApp
Regulatory positions in this guide are as published by the relevant Indian regulatory authorities as at September 2026. This guide is general information, not investment, legal or regulatory advice. For legal advice specific to your transaction, engage a qualified legal professional.

