Delhi based FinVal offers valuation, fundraising, and virtual CFO solutions to startups

• ByStartupStory     |    September 30, 2021

About the founder:

Mr. Prateek Mittal is a chartered accountant with more than 15 years of experience in valuations, corporate finance, business restructuring, and investment banking. He has worked with Global Investment Banks like Deutsche Bank, Credit Suisse, and Bear Stearns in the fields of valuations, corporate finance, transaction advisory, and due diligence.

About FinVal:

Finval was founded in 2011 and has its headquarters in Delhi. The company offers valuation, fundraising, and virtual CFO solutions to startups, early-stage companies, and mid-sized companies. Prateek tells Startup Story that even though his idea for the company was conceptualized in 2011, the firm only got a push in 2016 after he decided to quit his job and focus on it full-time.

About the team:

Along with Prateek, FinVal has two other partners, Birendra Mishra and Krit Narayan Mishra. Birendra Mishra is an Electrical Engineer with more than 36 years of work experience with BHEL and Krit Narayan Mishra is a Chartered Accountant like Prateek. FinVal also has 8-10 other employees who work in collaboration to fetch results for the company and the clients.

Prateek tells us how his dedicated team has successfully managed the work during the pandemic’s disruption and has not let it affect the quality and the amount of work they do.

How FinVal tries to be the best in their business:

He says that the nature of work FinVal does and the services they provide are similar to all other firms in the same business but he believes that it is his experience and personal touch and their fair practices and ethics which help them achieve customer delight and satisfaction and thus make their company successful and help them advance.

Industries covered:

FinVal has offered and continues to offer its services to many customer sectors including E-Commerce, the Communication and Media Sector, Online Education Sector, Fintech, Consumer Tech, luxury and mass ethnic wears, etc.

FinVal’s Clients:

FinVal has a long list of happy clients including names like ‘Innov8’, the coworking space, UNDP, and UN Women, just to name a few. The list also includes names like, Apollo International Limited, and Spinny.

Challenges faced by FinVal:

Prateek tells us that like most other businesses, clients in this space require the best work to be done in the minimum time and that too at the minimum cost. He says that at times it becomes challenging to meet the deadlines and his team has to put in the extra effort. He says that he also tries to set the right expectations to his clients at the beginning about the practical deadlines and the limitations on the cost-front so that there is no mismatch of client’s expectations and deliverable results and hence their company can achieve their much-valued customer delight.

Future plans for FinVal:

When asked about his company’s expansion plans, Prateek says that he is more than willing and also has plans of expanding to new services and with new partners but also adds that he would rather want to take it ahead slowly and in a more organized way instead of haphazardly going for expansion just for the sake of it.

 

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