About Sharp 409A
How it started
Sharp 409A was founded in 2014 by Rajarshi Rakshit (Raj), a 409A Valuation veteran. With his vast and extensive experience in startup 409A Valuation in India and an inclination towards technology, Raj automated most of the 409A valuation process. Sharp 409A Software was hence created to help firms reduce the time and costs of valuation.
Raj has worked with the 409A valuation team at SVB Analytics (now part of Carta). At SVBA, he has designed industry-standard valuation models that have been adopted by major audit firms worldwide. He has also worked for The Brenner Group (now part of Armanino LLP).
Sharp 409A is the first company to provide a unique Microsoft Excel-based exhaustive OPM, PWERM and Hybrid allocation software to perform IRC 409A valuations efficiently with greater accuracy. Initially this software was also licensed to several valuation firms in the US. They used it to perform 409A valuation in India for their clients with minimum effort. During these years, the software has undergone rigorous testing.
If you want to select a provider who has experience valuing companies that look a lot like yours. A valuation provider should have not only the right credentials and expertise to conduct valuations to ensure 409A safe harbor, but also extensive experience in your sector, industry, and stage. Then Sharp 409A Valuation is the best company to give 409A valuation in India for startups with the full support of our expert team.
Nowadays, this proprietary software is only used in-house. Using Sharp 409A Software along with the experienced team of valuation analysts, the startup community can get quality 409A valuation services at a minimum of time and cost without compromising on quality.
For years, Raj observed that the valuation industry was very slow in performing 409A Valuation in India. Most of the tasks were done manually; it therefore took weeks to churn out a single valuation report. This ultimately resulted in clients spending anywhere between $3,000 and $10,000+ for a valuation report. Moreover, since the work was done manually, the amount of work needed to perform a valuation increased with the complexity of the capitalization table(Captable) of the client. This naturally implied higher valuation costs for a company with more rounds of funding. Again, the valuation work involved a lot of manual computations therefore; there was a huge scope for mistakes. In order to minimize those, there were several levels of revisions and checks performed. More the number of checks, greater are the costs of execution of the project.
These key observations motivated him to start automating the processes which eventually led to development of MS-Excel based 409A software which automates most of the computations. All these gave him enough insights to venture out on his own.