investment bank RippleWave

What investment bank RippleWave does

RippleWave Equity Advisors LLP is a Mumbai-based boutique investment bank (SEBI Registered Investment Adviser, Reg. No. INA000009180) founded in 2008 by Mehul Savla and Vipul Shah to deliver equity fundraising, mergers and acquisitions, and capital markets advisory services. Service offerings are organized into three practice lines — Private Equity Advisory, M&A Advisory, and Capital Markets Advisory — covering growth-equity raises, private placements, domestic and cross-border M&A, IPO preparation, pre-IPO structuring, and follow-on equity raising (QIP, rights issues, depository receipts, FCCBs), with stated specialism in Indian takeover and delisting regulations.

Revenue is generated through transaction-based advisory fees, structured as success-fee percentages of deal value with retainer arrangements for ongoing engagements, and pricing is negotiated deal-by-deal and not publicly disclosed. The firm serves three primary client segments — Indian entrepreneurs and business owners seeking growth capital or exits, private equity investors sourcing deals or divesting portfolio companies, and listed or pre-IPO companies preparing for capital markets activity — with multinational corporations in India forming a secondary segment. The client base is described in qualitative terms (leading Indian companies, MNCs, global PE funds) rather than by named logos.

Distribution is executed entirely through direct, partner-led advisory engagement built on long-tenured relationships rather than marketing-driven lead generation; the partner-bank network across Europe, the US, Australia, New Zealand, and the Middle East is leveraged to source cross-border deal flow. With 1-10 employees, ownership concentrated in the two founding partners, no external institutional investment, and no publicly disclosed revenue or transaction-volume data, RippleWave operates as a lean, founder-led advisory practice whose competitive position depends on partner track record, regulatory expertise, and cross-border referral relationships rather than scale or technology.

Name

investment bank RippleWave

Legal name

RippleWave Equity Advisors LLP

Website

https://ripplewave.net

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

RippleWave Equity Advisors LLP is a Mumbai-based SEBI-registered boutique investment bank founded in 2008 providing private equity, M&A, and capital markets advisory services to Indian entrepreneurs, multinational corporations, and global private equity funds.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Revenue model

1. Advisory Fees: RippleWave generates revenue through advisory fees for services including equity fundraising, private placements, mergers and acquisitions, and strategic business advisory. Fees are typically structured as transaction-based success fees tied to deal closure, along with retainer arrangements for ongoing advisory relationships.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

RippleWave is a boutique investment bank providing advisory services across equity fund raising, private placements, mergers and acquisitions, and strategic business advisory. The firm operates through three core service lines — Private Equity Advisory, Mergers and Acquisitions Advisory, and Capital Markets Advisory — serving Indian companies, multinational corporations, and global private equity funds with transaction execution support from valuation to deal closure.

Product overview

RippleWave is a boutique investment bank offering advisory services through three main service lines: Private Equity Advisory, Mergers and Acquisitions Advisory, and Capital Markets Advisory. The firm provides equity fund raising, private placements, M&A advisory, and strategic business advisory services to Indian companies, MNCs, and global private equity funds. RippleWave Equity Advisors LLP is a SEBI Registered Investment Adviser (Registration No. INA000009180).

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Advisory Complete advisory solution for entrepreneurs seeking growth capital, covering evaluation of fund raising options, potential valuation estimation, business plan and information material preparation, identification of suitable investors, transaction timing and structuring, and negotiation through closure. Leverages relationships with leading private equity investors to align with the entrepreneur's desired objectives.
• Mergers and Acquisitions Advisory M&A advisory covering India and cross-border transactions, backed by a partner bank network in Europe, US, Australia, New Zealand, and the Middle East for deal sourcing. Includes strategic advice on consolidation, delisting regulations, and exit assistance for promoters and PE investors in domestic and cross-border acquisitions.
• Capital Markets Advisory Capital market advisory services for IPO preparation including pre-IPO capital and corporate structuring, valuation analysis, investor orientation, and roadshow readiness. Also assists listed companies with equity raises through QIPs, rights issues, and international fund raising via depository receipts (DRs) and FCCBs.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Partner Banks (Europe)coreStrategic or Co-development PartnerNetwork of partner banks in Europe that provide access to considerable deal flow and enable targeting of specific M&A opportunities for RippleWave clients in cross-border transactions.
• Partner Banks (US)coreStrategic or Co-development PartnerNetwork of partner banks in the United States providing access to deal flow and enabling cross-border M&A opportunities for RippleWave clients.
• Partner Banks (Australia and New Zealand)coreStrategic or Co-development PartnerPartner bank network in Australia and New Zealand enabling access to international deal flow and cross-border transaction opportunities for RippleWave's Indian client base.
• Partner Banks (Middle East)coreStrategic or Co-development PartnerNetwork of partner banks in the Middle East providing access to deal flow and enabling cross-border M&A opportunities for RippleWave clients.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Singhi Advisors: India-focused boutique M&A advisory firm working with entrepreneurs, corporates, and PE funds on domestic and cross-border transactions. Highly comparable in scale, model, and Indian market focus to RippleWave.
• Avendus Capital: India's largest homegrown boutique investment bank offering M&A advisory, equity capital markets, and PE advisory to entrepreneurs and PE funds. Most directly comparable to RippleWave by business model, service mix, and Indian mid-to-large market focus.
• Spark Capital (India): Indian boutique investment bank providing advisory across M&A, equity capital markets, and PE fundraising. Direct competitor in the Indian mid-market advisory space serving entrepreneurs, listed companies, and PE funds.
• MAPE Advisory Group: Indian boutique advisory firm specializing in M&A, PE fundraising, and strategic advisory to mid-market companies and promoters. Closely comparable in transaction type and target client profile.

Broad incumbents

• Kotak Mahindra Capital Company: Domestic bulge-bracket Indian investment bank offering M&A, IPO, QIP, and PE advisory services. Competes with RippleWave for mid-to-large Indian mandates, especially in IPO and equity capital markets transactions.
• Axis Capital: India-domiciled investment banking arm of Axis Bank offering full-service advisory including M&A, ECM, and PE — overlapping with RippleWave's service lines but operating at much larger scale and as part of a broader financial services group.
• Evercore (India advisory): Global independent advisory firm with active India M&A practice serving large Indian corporates, PE funds, and promoters on cross-border transactions. Overlaps with RippleWave's cross-border M&A positioning.
• J.P. Morgan India: Global bulge-bracket bank with full investment banking coverage in India including ECM, M&A, and PE advisory. RippleWave founder Mehul Savla was previously Executive Director - Equity Capital Markets here, and the bank competes for the same large Indian mandates.
• ICICI Securities: One of India's largest full-service investment banks offering ECM, M&A, and PE advisory. Notable because RippleWave co-founder Mehul Savla previously spent 8 years here, and ICICI Securities competes head-to-head for the same mandates RippleWave targets.

Emerging players

• o3 Capital (India): India-focused boutique investment bank providing M&A and PE advisory, particularly in technology and consumer sectors. Comparable boutique model competing for similar mid-market Indian mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ripplewave-equity-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about investment bank RippleWave