409A Valuations — Are You Pricing Your Options Too High?
Start-up CFOs are fast realizing how early stage 409A valuations completed by quick cookie cutter, ‘textbook’ approach often result in inflated option prices and disgruntled emp
We Tell Your Valuation Story Like No Other
The Valuation Firm With Global Scale & Capabilities
Aranca's strong valuation expertise coupled with comprehensive research capabilities in market intelligence and intellectual property enabled us to draw deep industry and technology insights in our valuation opinions
Capabilities
1000+ valuation clients
75+ years of experience between our senior principals
Industry Expertise
400+ strong industry sector focused analyst teams
2000+ products & services covered by our analysts
Global Scale
150+ Fortune 500 companies leverage our market intelligence practice for multiple strategic priorities
90+ countries covered as part of projects delivered
Technology Knowledge
500+ global clients including law firms and innovation driven organizations
40+ team of IP experts
250+ technology domains researched by our analysts
Why Aranca?
Proven Track Record
Thousands of clients – from start-ups to established global companies, across wide spectrum of industries turn to Aranca for valuation services across complex issues
Expert Team
Our foundation is built upon the commitment and credentials of our senior professionals who include Chartered Financial Analysts, ASA certified valuation experts – all with over 10 years of diverse financial advisory experience
Credibility
We have earned the confidence of companies, investors, attorneys and auditors with our result driven approach and well-documented reports that have consistently stood up to the highest standards of scrutiny
Responsiveness
We strongly believe in simplifying our client’s life by proactively identifying core issues, communicating early and clearly and personal attention to each engagement
Solutions Portfolio
Our diverse solutions portfolio help clients meet their ever-growing reporting needs and provide in-depth analysis in dealing with valuation issues during transaction process.
-
Tax Valuations
-
Financial Reporting
-
Transaction Services
-
IP Valuation
Looking for valuation reports which will withstand scrutiny from tax authorities? You can trust Aranca’s valuation experts.
Valuation has always been a crucial element of complex and ever-changing tax regulations.
For over a decade, Aranca has emerged as a trusted advisor helping companies and business owners with tax valuations & advisory services encompassing range of compliance, planning, dispute and transaction related issues.
Our tax valuation
services
Hundreds of clients have trusted Aranca’s valuation group to enhance the credibility of their financial reporting.
Companies need an independent valuation firm that is able to apply its financial expertise and knowledge of accounting standards to complex valuation situations, proactively interact with auditors to address their questions, thereby freeing precious time to focus on what they do best.
Aranca has developed a strong reputation to produce valuation reports that can withstand in audit review or SEC scrutiny so that our clients can meet their reporting responsibilities with growing confidence.
Our financial reporting valuation services
Our insightful and objective advice empowers our clients to take sound decisions in complex transactions
Whatever be our clients’ objectives – get an unbiased opinion to meet their fiduciary duties or ‘sharpen their sword’ while selling or buying a business, our insightful valuation opinions help clients focus on core priorities of the deal.
Our transaction valuation services
Clients choose Aranca for diverse IP valuation needs because of our unparalleled blend of strong IP research, market research and valuation capabilities.
Several factors impact the value of IP assets in a given situation – legal, technological, market, strategic and financial. We ask the right questions questions and conduct in-depth research to thoroughly assess the IP portfolio and the market dynamics.
The ability of our teams – IP experts, market research and valuation specialists, to collaborate with clients’ in-house technology/product and corporate strategy/finance teams is core to our valuation approach.
Our intellectual property valuation services
Industry Expertise
Bringing in-depth understanding of market dynamics from our diverse industry research experience to every business valuation engagement.
- Technology
- Healthcare
- Consumer Tech
- Enterprise Applications and Infrastructure
- Mobile
- Alternate Energy
- Others
- Traditional Industries
- Software services
- Semiconductors
- Advanced materials and nanotechnology
- Fin-tech and crowdfunding
- Internet of Things and wearables
Case Studies
- 25 year old India based IT services company being acquired by a Private Equity firm
- Niche software services firm in financial services, retail and life sciences domain
- Cloud transformation and application management firm with offices in US and APAC
- Performance support software services company
Clients
Case Studies
- Optical fiber communication equipment company in pre-IPO stage
- Publicly listed fabless semiconductor company specializing in advanced video processing technologies
- Acquisition of wafer-level packaging application technology provider by a Japanese semiconductor company
- $35+ million funded fabless semiconductor company developing ultra-low-power mixed-signal ICs for wireless electronics
Clients
Case Studies
- $115 million funded company developing thin film PV technologies using nano-material technologies
- Advanced materials company developing advanced nano-electronic materials to manufacture semiconductors
- $75 million funded pre-revenue stage company developing conformal electronics devices with application in wearable technology
- Company engaged in the research, design, development, manufacture, and distribution of nano-structured steel alloys
Clients
Case Studies
- Rewards based crowd funding services company with Series C funding
- P2P lending platform based in China, counted among the unicorns
- Series D funded online payments and fraud prevention company which serves the e-commerce platforms, online marketplaces and crowd-funding websites
- Series E funded online broker, listed in CNBC top 50 disrupters in 2014
Clients
Case Studies
- Company specializing in cognitive computing and building platform for the Internet of things (IoT) market
- Developer of mini wireless sensors specializing in mobile and wireless sports performance technology
- Virtual reality (VR) based company raised more than $35 million in two rounds of funding
- Mobile app providing intelligent personal awareness everywhere
Clients
- Pharmaceuticals and CROs
- Medical devices and implants
- Healthcare diagnostics
- Biotechnology / Bio-medicine
- Healthcare IT
Case Studies
- Nasdaq-listed clinical-stage biopharmaceutical company with focus on treatment of cancer through novel small molecule drug candidates
- Biotechnology and pharmaceutical company, having raised over $20 million in grant funding from institutions such as the National Institutes of Health, US Department of Defence, and others
- Series A-company providing product authentication and brand protection solutions using customized and proprietary nanotechnology solutions using spectrally coded silica microtags
Clients
Case Studies
- Series C clinical-stage company, having raised over $30 million in preferred funding, focused on cryo-ablation delivery technologies
- Company focused on the development of a novel helical stent technology to provide a wide range of vascular therapies
- Medical device company in the design and distribution of interventional medical devices
- Series C, clinical-stage ophthalmology company, having raised around $34 million in preferred funding, proving intraocular lens for microincision surgery and an implantable device for glaucoma
Clients
Case Studies
- Nasdaq-listed genetic testing company providing non-invasive methods for analyzing DNA
- Series C, expansion-stage company providing a proprietary and proven sleep apnea care management platform
- Company in personalized medicine, providing Pharmacogenetic Testing and Advanced Toxicology
Clients
Case Studies
- Biotech company that develops prescription eye drops for the treatment of age-related vision loss in people suffering from early cataracts
- Biotech company acquired by Roche, focused on development of therapeutic for improving daily life of persons suffering with diabetes and obesity
- Clinical-stage company having developed & patented a synthetic biopolymer cornea to treat corneal blindness eyeing an IPO
- Company providing functional ingredients to various industries such as human and animal nutrition & health and agriculture
Clients
Case Studies
- A Series A company operating in the consumer-directed benefits market, providing health account administration services in the US and generating revenue of -$30 million.
- Cloud-based billing and business management software solutions company ranked among the fastest-growing private companies in the US by Inc. 5000, catering to the post-acute care industry and generating over $100 million of revenue.
- A company which hosts and supports Practice Management, Electronic Medical Records and Enterprise Electronic Health Record solutions for healthcare practitioners on its own site evaluating two acquisition targets.
Client
- E-Commerce and Online marketplaces
- Sharing economy and Rentals
- Social media
- Online gaming and education
- Education technology (Edutech)
Case Studies
- Series D funded online gift card marketplace company with over $1 billion valuation and counted among the unicorns
- Company providing e-commerce software solutions and shopping cart software for online businesses
- $113 million funded company that provides online portal for lead generation for US senior housing and care facilities
- US online transportation marketplace for freight and vehicle shipping industry with more than 2 million registered users and listed in Inc500 fastest growing companies
Clients
Case Studies
- Middle-east based company providing real time location based transit information and navigation services for cities across the globe
- Series E funded company focused on providing education services to over 2 million students spread across hundreds of campuses with the help of its course materials management technology
- $40+ million funded company providing peer to peer car rental service for vehicle owners parking at airport
- Publicly listed textbook rental services provider with brand partnerships with many Fortune 500 companies
Clients
Case Studies
- California based leading photo sharing website with over $1.3 bn in funding.
- 6 year old early stage company which provides cloud-based innovation software platform with over 4 million members and 25,000 communities including some of fortune 500 in its clientele
- Social media benchmarking company that works with brands and marketing agencies primarily in North America.
- Niche mobile application provider for creating secret social network
Clients
Case Studies
- California based leading online strategy and combat games developer with over $100 million annual revenue and 5 million monthly active users
- 15 year old education services provider with a mission to help improve student graduation rates
- Early stage US based company providing cross platform games for web
- Web based solutions for in-game advertisement which increases user engagement
Clients
Case Studies
- 15 year old company providing assessment solutions for schools, high schools and business needs
- Enrollment software provider for educational institutions to help identify and recruit best fit students for organizations
- 6 year old early stage company with over $18 million in funding provides web based application for students to receive job and internship opportunities
- Very early stage company providing social networking platform with a focus on education industry
Clients
- Enterprise software
- Big data / data analytics
- Digital marketing, media and ad-tech
- Business Intelligence
- SaaS
- Enterprise collaboration
- Cloud hosting and managed network services
Case Studies
- Late stage 21 year old private company, with more than $100 million of funding from various venture capital investors, providing sales distribution software to insurance and financial services market players in US
- Late stage company with more than $50 million in funding providing workload management software to its list of clientele including fortune 500 clients
- Fast paced US based cross platform connectivity software provider being acquired by a market leader
- Publically listed company with global operations providing a suite of technology solutions to passenger travel industry
Clients
Case Studies
- Decision sciences and analytics firm with over $150 million in funding and providing big data analytics and data-driven decision making software
- Early stage fast paced big data management platform provider targeting media and advertisement industry
- 4 year old early stage company, with more than $35 million funding, providing marketing and analytics suite to visual social media platforms
Clients
Case Studies
- Company with more than $60 million funding, providing marketing automation software platform for publishers
- Early stage company providing marketing intelligence platform across online and offline channels, acquired by a market leader
- 12 year old US digital marketing company that creates, manages, and operates online media programs for leading retail e-commerce websites
- Late stage India based company, with close to $100 million funding, providing real-time digital technology platform for display, mobile, video, search, and data-related areas
Clients
Case Studies
- 18 year old late stage US company providing an integrated business intelligence and performance management software solutions for the enterprise resource planning packages
- 5 year old venture backed company, with close to $25 million in funding, providing customer data platform to assist marketers access customer data effectively and efficiently
- Early stage US based company, with close to $25 million in funding, providing semantic application software
Clients
Case Studies
- Pre-IPO stage company providing cloud-based spend management solutions, which has raised more than $150 million and has an operating history of close to 10 years.
- Late-stage company, with more than $175 million funds raised from various VC investors, providing SaaS based human capital management software was being acquired by a market leader.
- Publicly listed cloud based cyber security company with a market capitalization of more than $1 billion based in US and Europe
Clients
Case Studies
- 10 year cloud-based collaboration and content management software provider with close to $50 million funding
- Late-stage company, with close to $50 million in funding from various renowned VC investors, operating in enterprise file share and synchronization industry in US
- 4 year old early stage company offering collaborative email services for small to mid-sized corporations
Clients
Case Studies
- India based company with more than $30 million of funding providing managed IT hosting services and datacenter provider
- US based mobile application company that connects merchants to consumers in real time via smartphones and tablets, acquired by a market leader
- 21 year old US based managed services provider providing flexible computing infrastructure
Clients
- Mobile Payments
- Mobile Advertising/marketing
- Mobile Commerce
- Mobile Communication
- Mobile Gaming
- Mobile Content/publisher
- Mobile App development, dev tools and testing
- Mobile App
- Mobile Health
Case Studies
- $43+ million funded US based software company providing digital banking solutions to the financial services industry
- $15+ million funded, innovative mobile payment solution provider enabling machines to accept mobile payment through a simple mechanism
- An India based mobile payment solutions company that has been awarded as best mobile wallet solution at “The Emerging Payments Awards”
- Over 15 years old mCommerce solutions provider being acquired by a leading global payment processing company
Clients
Case Studies
- $72+ million funded, pre-IPO stage global marketing technology provider offering advertising solutions to over 1000 leading brands and publishers
- A disruptive start-up providing solutions for entire app development lifecycle, acquired a by global consumer technology leader
- Early-stage provider of customized and integrated mobile marketing solution for brands, acquired by global e-commerce leader
- Series-A funded, decade-old mobile ad serving company focused on creating unique format solutions for advertisers and publishers
Clients
Case Studies
- An emerging mobile marketplace with more than $10+ million of funding with over millions transactions executed till date
- Series-C funded shopping app that allows consumers to find the best deal from local and online retailers
- US based mobile shopping app company that enables brands to engage directly with consumers using rich media and special offers
- Series-A funded start-up offering software solutions that enable easier purchase of products from mobile phones for users and provide savings
Clients
Case Studies
- $35+ million funded, provider of advanced mobile service for defense veterans and their families with a mission to connect and improve their lives
- Award winning provider of communication and collaboration platform for enterprises with over $20+ million funding
- Disruptive start-up with $60+ million funding providing web and mobile platform for communication between teachers, students and parents
- Provider of wireless multimedia and connectivity solutions for consumer electronic applications
Clients
Case Studies
- 12 year old, $95+ million funded social gaming company providing solutions to the global wireless carriers
- US based developer of cross-platform games for the web and mobile platforms
- Series-A funded mobile gaming company focused on designing and development of mobile application games for kids of various ages
- Technology firm that acts as a digital hub for mobile gaming and enabling users to browse and demo mobile games
Clients
Case Studies
- 10 years old US based company engaged in the development and distribution of content for mobile and broadband platforms
- $20 million funded, web and mobile publisher of business information providing competitive intelligence on businessess
- 15 years old, $30 million funded publisher of mobile lifestyle, games and personalization products with worldwide presence
Clients
Case Studies
- Over 10 years old provider of mobile application lifecycle services with several leading fortune 500 clients
- 17+ years old niche technology enabled business solutions provider to financial services, hi-technology, life sciences, retail and logistics industries
- US based mobile app developer focused on providing mobile social content curation & collaboration solutions for enterprises
- Series-A funded firm offering comprehensive application management services which enable enterprises to create their own internal app store
Clients
Case Studies
- $12+ million funded start-up providing science-based activities and games to empower individuals
- Company providing mobile and wireless sports motion detecting technology to improve the skill levels of sports enthusiasts
- $8+ million funded, US based provider of accurate and instantaneous real time parking information with presence across the globe
- US based company building mobile based products that empower users to create, entertain and express themselves
Clients
Case Studies
- Series-A company providing innovative mobile healthcare platform for on-demand health coaching and healthcare marketplace
- Provider of technology-enabled and cost-effective health and wellness services delivered through skilled clinical practitioners
- $61+ million funded company providing mobile interfaced, intelligent and flexible platform for biometric healthcare analytics
Clients
Case Studies
- Electric vehicle infrastructure company that offering network of public charging stations and listed in CNBC top 50 disrupters in 2014
- Publicly listed fuel-cell technology company that develops and sells hydrogen fuel cell products worldwide
- Pre-IPO stage company involved in developing natural gas fuel system for heavy vehicles
- Company operating in developing markets providing metered solar energy solution that helps in supplying electricity to rural homes
Clients
Case Studies
- Series C mobile payments company, with over $35 million in preferred funding
- Dermatology company, delivering innovative skin therapies, acquired by a leading pharmaceutical company for $500 million
- Company providing microwave photonic products for specific applications in the radar and communications space
- Artificial intelligence company supporting personal and social intelligence through smartphones and robotics
Clients
- Automobiles & Auto Parts
- Banking, Financial services and Insurance (BFSI)
- Building Materials & Fixtures
- Infrastructure, Construction & Real Estate
- Retail
- Telecommunications
- Media & Entertainment
- Apparel and footwear
Case Studies
- US based developer of digitally controlled and electrically powered air charging systems for gas and diesel internal combustion engines
- Company acquired by Microsoft in 1998 which develops and manufactures long-life modular lithium iron magnesium phosphate energy storage solutions
- Series B stage company with total funding of $6 million developing a wheel system which converts traditional bicycles into ebikes
Clients
Case Studies
- 150 year old British banking and financial services company having assets of $42 billion employing more than 28,000 employees across 1,200 branches and outlets in more than 70 countries
- Venture backed provider of real estate appraisal and compliance technology and services with total equity funding of $57 million
- London based financial services organisation with global network of around 7,500 offices serving over 89 million customers in over 87 countries with AUM totalling $2.7 trillion
Clients
Case Studies
- Saudi Arabia based construction company with market capitalisation of more than SAR500 million
- Technology company that has developed a proprietary process to convert landfilled coal combustion residues into a valuable building product
- Saudi Arabia based construction company founded in 1960 employing more than 11,000 people and regarded as one of the Fortune 100 companies in Saudi Arabia
Clients
Case Studies
- Series B company with funding of $25 million providing online marketplace for interior design, connecting designers with customers
- Real estate investment company having more than 111 owned and managed R&D properties with more than 8 million square feet rentable area
- Competitor of Autodesk with funding of $6 million providing collaborative cloud solution for the design, construction, and operation of buildings
Clients
Case Studies
- Middle East based conglomerate with interests in automotive, engineering, financial services, land and real estate, energy and environmental services, consumer products and advertising
- San Francisco based designer of women's plus-size clothing, founded in 2000
- Series A company with funding of $13 million which provides social commerce platform that allows sharing credit card purchases with friends
Clients
Case Studies
- Series C company with total funding of $81 million providing real-time messaging system for enterprises in more than 5,000 facilities
- Subsidiary of publicly traded ARC Group Worldwide which designs, manufactures and markets wireless equipment and networking products
- Silicon Valley based provider of wireless infrastructure technology to enhance network coverage where traditional means are not feasible
Clients
Case Studies
- Company with funding of more than $31 million providing of home movies transfer service
- Company founded in 2005 with funding of more than $10 million providing entertainment website where users can watch TV shows, movies, interact with other fans and write comments
- Early stage video-on-demand company based in India targeting audience interested in legacy movies
- Company planning to launch a TV channel related to crime, law & punishment in India
Clients
Case Studies
- Company with funding of $35 million, acquired by Crypton Fabrics providing nanotechnology-based textile enhancements to more than 80 textile mills
- Beauty tools and solutions company with more than 20 years of experience as private label manufacturer of cosmetic brushes having more than 550 employees
- Provider of nature-based nail lacquers as an alternative to synthetic polishes
Clients
Team Profile
Bharat Ramnani
Head – Valuation Advisory
Manish Goyal
Associate Director
Jitendra Pabrekar
Associate Director
Arun Mantena
Associate Director
Ashish Rane
Senior Manager
Knowledge Library
-
1
-
2
Founder’s Stock Sale — How Not to Turn it Into a 409A Nightmare
A Founders’ Stock sale can have serious and far reaching implications on the pricing of stock options due to 409A provisions. While the extent of t
-
Demystifying IFRS “Fair Value” Issues: How CFOs of unlisted entities in KSA should gear themselves up?
Kingdom of Saudi Arabia (KSA) has now joined a set of 130+ countries in the implementation of IFRS for listed companies. The adoption of IFRS in
-
Is the common share of a start-up really worth so much?
In the case of early stage start-ups, valuation appraisers, using the prescribed method, always come up with a common share valuation, which is invariably far
-
Are business valuation approaches lagging behind?
The finance world has been using the same methods to value businesses for a long time now. While the business world has changed significantly, valuation
1
2
3
-
Technology Sector Reports
Technology sector reports are a collection of quarterly reports containing analysed data on tech fundings, M&As, and IPOs. We have covered Ad & Marketing tech,
-
How to Get the Most Out of IP Financing
The use of intellectual property as collateral to obtain finance is an increasingly common phenomenon. Over the past three decades, the proportion of tangible assets
1
2
-
1
A decade later, most Indian internet companies are as far from an IPO as when they started off
“The barriers to entry in several internet businesses are really low,” Aranca’s Mantena said. “Any competitor can come at any time and start the same bu
-
2
Oman to reap revenues from new VAT system
As GCC countries start looking at the real impact of the coming Value Added Tax (VAT), planned for the beginning of 2018, the country of Oman
-
3
Modi’s surprise move on rupee notes has come as a pleasant surprise indeed for Indian internet startups
The Narendra Modi government’s decision to replace the Rs500 and Rs1,000 denomination notes with new ones has done in two days what Indian internet s