About Sharp 409A

How it started

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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.  

Sharp 409A Software

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.

Sharp 409A Leadership

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Sharp 409A CEO

Rajarshi Rakshit
Founder and MD

Raj has over 12 years of extensive experience in the field of corporate and private equity valuations. He has valued companies ranging from small start-ups to IPO’s. His valuation expertise includes Purchase Price Allocation, Portfolio valuations, IRC 409As, special situations, distressed debt, and other complex modeling assignments. His training extends to capital markets, fundamental analysis, and portfolio allocation.

Before launching Sharp 409A Software, Raj gathered a wide experience in valuing startups while he worked for EXL Services (EXL). EXL was the offshore partner of SVB Analytics (SVBA) in India. This valuation division of SVBA was then the leading provider of 409a Valuation services in the United States performing thousands of valuations in a year.

Raj holds a Masters in Computer Science from Indian Institutes of Technology, Bombay (IITB), India and has completed advanced coursework from the CFA Institute. At heart, he is a badminton enthusiast and regularly involved in other sports as well.

Manuj Singhal
CFA, FRM, Partner

Manuj spearheads the valuations at Sharp 409A. He is involved in analysis and review of Sharp 409A’s valuations. He brings more than 13 years of rich valuation experience performing thousands of business valuations for closely held corporations for regulatory compliances, investment advisory and financial reporting purposes. He is a specialist in performing complex 409A Valuation assignments. He has an expertise in performing business valuations, purchase price allocations (PPA), impairment studies, intellectual property valuations, and esoteric securities involving complex capital structures.

Prior to joining Sharp 409A, Manuj played a pivotal role in setting up and leading valuation team of thirty highly qualified members for one of the leading Silicon Valley based analytics firm. He is also associated in providing assistance in preparing fairness opinion pursuant to US GAAP and IFRS for financial reporting as well as for regulatory purposes.

Manuj holds CFA and FRM Charter, Post Graduate Diploma in Management in Finance, and Bachelor’s Degree in Mechanical Engineering.

Sharp 409A CFA Partner
Sharp 409A Director

Manidipa Mitra
Director – Business Development & Partnerships

Manidipa has over a decade of experience in marketing & business development at a global level. She is involved in improving and optimizing client experience. She takes care of the tasks & processes to implement exponential growth opportunities within and between Sharp 409A and current/potential clients and partnerships. She constantly works to develop and implement Sales, Marketing and Business Development strategies.

Prior to working with Sharp 409A, she has gained extensive knowledge and experience in business development, general management and startups as an entrepreneur. She has also worked as an HR Manager for startups for more than 5 years across various domains like IT, finance, and education.

She holds a Master’s Degree in Business Administration (MBA) and a Bachelor’s Degree in Information Technology (BE IT) from University of Pune, India.

Want to be a part of the passionate and dynamic team of Sharp 409A?

Our Partners

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Let’s join hands and help the Startup Ecosystem.

For partnering with Sharp 409A, reach out at manidipa@sharp409asoftware.com

What Our Clients Say

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Raj is great at his work, accommodating and delivered our valuation report with a quick turn around time. It was a pleasure working with him. Will whole heartedly recommend.

Rating : 5.0 out of 5






Shikhil Sharma, Founder, Astra Security, Computer and Network security

Sharp was fantastic to work with, and they do quality work. We were in a tight time crunch to get a 409A done in preparation for an M&A event, and Sharp worked through the weekend to help us meet our timelines. I would recommend them to anyone, and will absolutely use them moving forward.

Travis Steffen, CEO, GrowFlow, Software Development

It was great working with Sharp 409A. They worked very fast and accurately. If you are looking for a service to provide a hassle free 409a evaluation, it’s pretty much impossible to beat Sharp 409A’s quality and price.

Jonathan Chester , CEO, Bitwage, IT Services & IT Consulting

Sharp 409A went above and beyond for two important valuations we needed to perform for our audit. They made sure to understand our business and equity structure, and worked diligently with us and our auditors in order to meet a tight deadline. I highly recommend their work.

Kendall Partie, Controller, Homer Learning, Education Technology

We are very pleased with your level of professionalism and the final report thank you very much it was nice to work with you!

Robert Israel, CEO, Lazzaro Medical, Medical Equipment Manufacturing

Recently I’ve had the pleasure to work with Rajarshi on our company valuation exercise. Not only did he keep the promised timelines for deliverables, he also was extremely patient when the original scope of work slightly had to be altered. He went above and beyond to complete the tasks that were slightly out of the scope. He brought along good expertise that involved 409A guidelines and we appreciate his contribution very much. If anyone is looking to hire a 409A valuation expert, I highly recommend working with Rajarshi/his firm.

Poornima Ramamoorthy , Finance Director, TA Digital, IT Services & IT Consulting

Start with your 409A valuation today

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