Case study · Defence & aerospace
From grant winner to investable company
Building the investor case for a government-validated defence deep-tech startup: pitch deck, valuation and supporting materials for a ₹50 Cr raise.
- Client
- An award-winning Indian defence deep-tech startup
- Industry
- Defence & aerospace
- Practices
- Avenue Capital · Avenue Identity
- Timeframe
- June 2026 – ongoing
01
The challenge
The client had won a competitive Ministry of Defence innovation challenge, securing a milestone-based government grant for an air-launched precision strike programme. The grant funded only part of a multi-year budget, and the balance had to come from private capital.
Every existing document had been written for defence evaluators. None of it answered the questions investors ask first: how large the market is, how certification risk gets retired, when production revenue arrives, and what the company is worth today.
02
What we did
Narrative
Repositioned the company as a sovereign, indigenous defence design house, with the flagship programme as proof of capability rather than the whole story.
Pitch deck
A 16-slide investor deck, sharpened through several rounds of founder and advisory-board feedback.
Valuation and projections
A valuation report and five-year financial model built from the client's own costing data, with every figure verified line by line against source.
Competitive landscape
A custom perceptual map placing the client against domestic and global defence players.
Supporting materials
An investor brief and a fund-allocation and milestone breakdown linking each rupee raised to a programme outcome.
03
The result
- A complete, investor-ready fundraising kit, adopted by the founder and advisory board as the foundation for the ₹50 Cr round.
Engagement ongoing. Outcomes from the raise will be added as the round progresses.
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