ArthSight Advisory
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For investors

From sourcing a deal to tracking its value, we have you covered

For VCs, AIFs, family offices and angels: we act as your third eye and ensure you enter the right deals.

Independent, always

We never do due diligence on a business we advise, so our view is never conflicted.

We understand both sides

We build finance functions for businesses, so we know where numbers break.

Beyond numbers and diligence

We look beyond basic numbers and study business processes in depth, acting in your best interest.

04Controls, reporting and MIS at investee companies

Manage

Are my portfolio companies reporting honestly and on time?

After the money comes in, both sides need the same thing: clear, timely and honest numbers.

What we do here

Controls

Making sure the right financial controls are in place at every investee company

What we do
  • Process and policy set up at investee companies
  • Review of approvals, payment and cash controls
  • Approval limits and maker checker set up
  • Control gaps fixed by risk priority
  • Periodic control testing
See details
  • Finance processes and policies set up at investee companies, covering purchases, payments, expenses, payroll and approvals
  • Review of approvals, payments, payroll and cash controls
  • Clear approval limits and maker checker processes put in place
  • Gaps prioritised by risk and fixed with the management team
  • Periodic checks that the controls are actually followed
What you getConfidence that your capital is handled properly

Reporting quality

Making sure investee reports are complete, consistent and accurate

What we do
  • Verification of reported numbers
  • Consistent KPI definitions across companies
  • Review of investee reports before they reach you
See details
  • Reported numbers checked against the books and the bank
  • Revenue and key metric definitions kept consistent across periods and companies
  • Questions raised and answered before the numbers reach you
What you getNumbers you can rely on

MIS and reporting

Setting up the right processes at investee companies, for clear insights and accurate trends

What we do
  • Standard reporting templates
  • Portfolio reporting calendar
  • Sector specific KPI design
  • Portfolio comparison dashboards
See details
  • Standard reporting templates across the portfolio
  • A reporting calendar the companies follow
  • KPIs chosen around what you need to see, sector by sector
  • Portfolio dashboards that compare companies side by side
What you getComparable, timely numbers across your portfolio
What it looks like
Illustrative sample
Portfolio reporting · June
Company AOn time
Company BQuery raised
Company CLate
05Handpicked and screened deal flow

Source

Is this deal worth my time?

We bring you only the opportunities we believe in, after looking at the numbers ourselves.

What we do here

Deal sourcing

Opportunities we believe in, from our business network, matched to your thesis

What we do
  • Deal origination from our business network
  • Matching deals to your investment thesis
  • Warm introductions to management teams
  • Curated deal flow
See details
  • Deals drawn from the businesses we work with and our wider network
  • Matched to your sector, stage, geography and ticket size
  • Warm introductions to management teams, made only with the company’s consent
  • A steady, curated flow instead of a pile of cold pitch decks
What you getA short list worth your time

Screening

Financials, unit economics and plans checked first, so only deals that pass reach your desk

What we do
  • Financial and unit economics screening
  • Assessment of plan, market and team
  • Early identification of key risks
  • Screening note for every shortlisted deal
See details
  • A first look at historical financials and unit economics
  • A read on the business plan, the market and the team behind it
  • Key risks and open questions flagged early
  • A short note on why the deal made the cut
What you getLess noise in your pipeline

Deal support

Helping you move from first meeting to term sheet, well informed

What we do
  • Investment note preparation
  • Management meeting coordination
  • Data request coordination
  • Support through to the term sheet
See details
  • A concise investment note with the numbers, the story and the risks
  • Management meetings set up and prepared for
  • Data requests coordinated with the company
  • Support on numbers, valuation and open questions until the term sheet is agreed
What you getA faster, better informed path to the term sheet
What it looks like
Illustrative sample
Deal shortlist
D2C skincareSeries AStrong fit
QSR chainPre Series AGood fit
B2B SaaSSeedNot a fit
06Due diligence, valuation and deal terms

Assess

What does the pitch deck not show?

Know what you are buying before you invest.

What we do here

Financial due diligence

Verifying what is reported, and finding what is not

What we do
  • Business trend and unit economics analysis
  • Quality of earnings analysis
  • Working capital and net debt analysis
  • Revenue and customer concentration review
  • Tax and statutory compliance review
  • Independent opinion on the business and its risks
See details
  • Going beyond a standard FDD: business trends, unit economics and performance by outlet, product, channel and customer, including online and offline sales mix, order trends and repeat customers
  • Quality of earnings, adjusted for one offs, related party dealings and accounting choices
  • Working capital, net debt and cash conversion analysed
  • Revenue and customer concentration tested
  • Tax and statutory compliance exposures identified
  • An independent opinion on the business and its key risks, with red flags explained in plain language
What you getA clear view of the business behind the pitch deck

Business review

Looking beyond the numbers at how the business really runs

What we do
  • Independent unit economics analysis
  • Order to cash process review
  • Business plan stress testing
  • Assessment of key people, supplier and customer dependencies
See details
  • Unit economics rebuilt from the ground up
  • Business processes studied in depth, from order to cash
  • Management’s plan tested for realism
  • Dependence on key people, suppliers and customers flagged
What you getConfidence that the plan can actually be delivered

Valuation

An independent view on what the company is worth

What we do
  • Independent valuation using standard methods
  • Testing of key assumptions
  • Diligence adjusted valuation
  • Valuation range versus asking price
See details
  • Independent valuation using DCF, comparable companies and recent transactions
  • Key assumptions tested and explained
  • Diligence findings reflected in the value
  • A range you can weigh against the asking price
What you getAn independent opinion to inform your decision

Deal protection

Recommending how the deal can protect you against what diligence finds

What we do
  • Recommendations on CPs and CSs
  • Indemnity and price adjustment advice
  • Advice on timing fixes around funding
  • Coordination with your legal counsel
See details
  • Conditions precedent (CPs) and conditions subsequent (CSs) recommended, based on what diligence finds
  • Specific indemnities or price adjustments suggested where risks are found
  • Advice on which fixes should come before, and which right after, the money goes in
  • Worked through with your legal counsel
What you getIssues addressed in the deal, not just found
What it looks like
Illustrative sample
Diligence summary
Reported EBITDA₹4.2 Cr
Adjusted EBITDA₹3.1 Cr26% lower after adjustments
2 high risk3 medium5 resolved
07Tracking, early warnings and scale support

Monitor

Would I hear about a problem before it is too late?

Stay close to every portfolio company, long after the deal closes.

What we do here

Performance tracking

Analysing numbers from every investee and evaluating growth on a timely basis

What we do
  • Monthly budget vs actual reviews
  • Benchmarking against plan, history and peers
  • Board meeting summaries
See details
  • Monthly budget vs actual for every company, with early flags on any gap
  • Performance tracked against plan, past periods and peers
  • Short summaries you can read in minutes, ahead of each board meeting
What you getA clear picture of how every investee company is performing, and why

Early warnings

Raising red flags early, before a problem becomes a loss

What we do
  • Tracking usage of funds
  • Runway monitoring and alerts
  • Covenant and compliance checks
  • Red flag alerts with action points
See details
  • Use of funds tracked against the agreed plan
  • Cash runway watched, with alerts when it falls below a set level
  • Covenant, compliance and reporting checks
  • Red flags raised as soon as they appear, with a view on what to do next
What you getTime to act before a problem becomes a loss

Scale support

Practical help for portfolio companies that need it to grow

What we do
  • Hands on finance support
  • Finance team hiring and set up
  • Systems, MIS and controls upgrades
  • Next round readiness
  • Exit readiness and secondary sale support
See details
  • Hands on finance support where a company is stretched
  • Help to hire and set up in house finance teams
  • Systems, MIS and controls upgraded as the company grows
  • Fundraise readiness for the next round
  • Portfolio companies prepared for exit, with support on secondary sales of your stake
What you getStronger companies in your portfolio
What it looks like
Illustrative sample
Portfolio early warnings · June
Budget vs actualCashCovenantsReporting
Co. A
Co. B
Co. C
Co. D
How we engage

Monthly retainer for portfolio monitoring, fixed scope diligence and valuation projects, and transaction mandates

Where next

Keep exploring

Talk to us What we do for businesses Why choose us