Lekha
How it worksBlogGet started →

Guides for founders and financial leaders.

61 practitioner-written guides covering the top questions Indian founders ask about startup advisory, valuation, and Virtual CFO services.

Valuation Services

How to Value a Startup in India: Methods, Approaches and Common Mistakes

How is a startup valued in India? Comprehensive guide to DCF, comparable transaction, Berkus, and scorecard va

Read →

Valuation Services

DCF Valuation Explained: How Discounted Cash Flow Works for Indian Companies

DCF valuation explained for Indian companies and startups. Covers free cash flow, discount rate, terminal valu

Read →

Valuation Services

Pre-Money vs Post-Money Valuation: What Every Startup Founder Must Know

Pre-money vs post-money valuation explained simply. Learn how these numbers affect your ownership percentage,

Read →

Valuation Services

Section 56(2)(viib) Angel Tax Was Abolished in 2024 — What Your Funding Round Actually Needs Now

Angel Tax under Section 56(2)(viib) was abolished by the Finance Act 2024, effective 1 April 2025 — so a Rule

Read →

Valuation Services

How ESOP Exercise Price is Determined in India: The Statutory Valuation Requirement

How is ESOP exercise price determined in India? Explains the statutory merchant banker valuation requirement u

Read →

Valuation Services

Registered Valuers in India: What They Do, Who Needs One and How to Find One

What is an IBBI Registered Valuer in India? When is a Registered Valuer legally required? Covers Companies Act

Read →

Valuation Services

Rule 11UA of Income Tax Rules: The Valuation Framework Behind Every Indian Equity Round

Rule 11UA of the Income Tax Rules prescribes how fair market value is determined for Indian equity shares. Com

Read →

Valuation Services

How to Value a Company with No Revenue: Methods That Actually Work

Valuing a company with no revenue in India. Practical methods for pre-revenue startups including risk-adjusted

Read →

Valuation Services

Merchant Banker Valuation in India: When You Need One and What It Costs

When do you need a merchant banker valuation in India? Covers Rule 3 and Rule 11UA, ESOP pricing, FEMA, what i

Read →

Valuation Services

FEMA Valuation for Foreign Investment in India: Requirements, Process and Professionals

FEMA valuation requirements for foreign investment in Indian startups. Covers FDI pricing guidelines, fair mar

Read →

Valuation Services

How Often Should a Startup Get a Business Valuation? A Practical Guide

How often should Indian startups get a business valuation? Covers mandatory triggers (ESOP, funding, FEMA) and

Read →

Valuation Services

Purchase Price Allocation Under Ind AS 103: What Every Indian Acquirer Must Do

What is Purchase Price Allocation under Ind AS 103 in India? When it's required, how intangible assets are ide

Read →

Valuation Services

How to Value a SaaS Startup in India: Revenue Multiples, ARR and What Investors Look For

How are SaaS startups valued in India? ARR multiples, the role of churn and NRR, investor benchmarks, and what

Read →

Valuation Services

Enterprise Value vs Equity Value: How to Convert Between Them and Why It Matters

Enterprise value vs equity value explained. How to convert between EV and equity value using the equity bridge

Read →

Valuation Services

How Venture Capitalists Value Startups in India: The Metrics That Actually Matter

How do Indian venture capitalists actually value startups? The VC method, return multiples required, key metri

Read →

Valuation Services

Business Valuation for MSMEs in India: When It's Needed and How It Works

When does an Indian MSME need a business valuation? Covers bank loan collateral, partnership disputes, success

Read →

Valuation Services

SEBI's 2025 Merchant Banker Rules — Can Your Valuer Still Sign Your ESOP Valuation?

From 2 January 2026, only merchant bankers registered for valuation-related activities may take fresh valuatio

Read →