Makia Capital

What Makia Capital does

Makia Capital is an India-based investment banking and asset management platform operating through Makia Partners LLP, headquartered in New Delhi. The firm combines capital deployment via its SEBI-registered Category I Alternative Investment Fund - the Makia Venture Fund, with INR 250 Cr in committed capital - alongside advisory services spanning IPO advisory and execution, debt syndication, follow-on issues, pre-IPO investments, and merchant banking services delivered through an associated SEBI-registered entity. Its stated focus is growth-stage Indian companies with established profitability or near-term visibility that are preparing for public markets within 2-3 years, paired with curated investment access for high net worth individuals, family offices, and institutional investors.

The platform is structured as a vertically integrated offering in which Makia co-invests alongside portfolio companies via the AIF rather than acting purely as an advisor, explicitly designed to align principal-agent incentives at the inflection point. Go-to-market is sales-led via a public "Pitch to Us" submission portal promising a 24-hour response, supplemented by event-driven engagement (weekly Capital Markets webinars reaching 1.5 lakh+ professionals) and a content-led community strategy (Market Pulse newsletter and long-form research publications). Distribution is domestic-only, focused on Indian growth-stage issuers and domestic investor pools.

The firm is led by Founding Partners Shivanshu Birla and Sanchit Vijay, with Pavan Kumar Vijay - Founder of Corporate Professionals, former Managing Director of BLB Limited, and former President of ICSI - heading the Investment Committee and contributing 35+ years of merchant banking and capital markets experience. The team reports 110+ cumulative years across investment banking, private equity, and capital markets, and has served 70+ clients across sectors including healthcare, clean energy, manufacturing, technology, media, industrial fabrication, energy, and financial services. Revenue is not publicly disclosed, no external institutional investors or parent company structure are evidenced, and no M&A or funding rounds are present in the data.

Name

Makia Capital

Legal name

Makia Partners LLP

Website

https://makiacapital.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Makia Capital is an India-based investment banking and asset management firm operating a SEBI-registered Category I AIF (Makia Venture Fund, INR 250 Cr) alongside IPO advisory, debt syndication, and merchant banking services for growth-stage companies and high net worth investors.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Loan Brokers (6163), Investors, Nec (6799)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Corporate Finance & Capital Advisory (BPAHADAB), Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

Keywords

• Investment banking services
• Alternative investment fund
• IPO advisory services
• Debt syndication
• Capital markets advisory

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Investment Management (AIF): Makia Venture Fund (INR 250 Cr AIF) generates returns through equity investments in growth-stage companies, co-investing alongside portfolio companies and realizing gains through IPOs and exits.
2. IPO Advisory & Execution: End-to-end advisory services for companies navigating public markets including DRHP structuring, SEBI compliance, investor positioning, and book building strategy. Revenue generated through advisory fees.
3. Debt Syndication: Structured financing solutions across term loans, working capital, and mezzanine instruments. Fees earned on successful debt placement.
4. Follow-On Issues: Investing in listed companies through QIB placements, preferential issues, PIPE transactions, and rights issues. Generates returns through strategic post-listing capital participation.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Makia Capital is a full-stack investment banking platform that combines capital deployment via its SEBI-registered Makia Venture Fund (INR 250 Cr Category I AIF) with end-to-end IPO advisory, debt syndication, and follow-on issue services. It co-invests alongside portfolio companies and provides regulatory execution through an associated SEBI-registered merchant banking entity, targeting growth-stage companies preparing for public markets within 2-3 years.

Product overview

Makia Capital is a full-stack investment banking platform that operates as a unified integrated offering combining capital deployment, advisory services, and investor access. The core platform consists of the Makia Venture Fund (a SEBI-registered Category I AIF with INR 250 Cr fund size), which co-invests alongside portfolio companies at inflection points. Surrounding the fund are complementary service modules: IPO Advisory & Execution (providing end-to-end public market readiness support including DRHP structuring and SEBI compliance), Debt Syndication (structured financing solutions), Follow-On Issues (support for listed company capital strategies), Pre-IPO Investment (anchor and strategic investments), and Merchant Banking Services (regulatory execution). These modules work together as an integrated platform serving growth-stage companies on their journey to public markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Makia Venture Fund A SEBI-registered Category I Alternative Investment Fund (AIF) with an INR 250 Cr fund size that deploys capital in high-conviction, growth-stage investments across India's most promising sectors, co-investing alongside portfolio companies at inflection points.
• IPO Advisory & Execution End-to-end IPO advisory service for private companies navigating public markets, covering DRHP structuring, SEBI and stock exchange coordination, regulatory compliance, book building strategy, and investor relations/PR support.
• Debt Syndication Structured financing solutions across term loans, working capital, and mezzanine instruments tailored to the growth trajectories of portfolio companies.
• Follow-On Issues Capital deployment in already listed companies through QIB placements, preferential issues, PIPE transactions, and rights issues for post-listing capital strategies.
• Pre-IPO Investment Anchor and strategic investments in private companies preparing for public markets, targeting companies with an IPO timeline of 2-3 years and proven unit economics.
• Merchant Banking Services Regulatory execution services including DRHP drafting and filings, SEBI and stock exchange coordination, and end-to-end regulatory compliance delivered through an associated SEBI-registered merchant banking entity.

Quantifiable outcome

• 110+ years combined team experience in investment banking, private equity, and capital markets
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Corporate ProfessionalscoreStrategic or Co-development PartnerMakia Capital is backed by Pavan Kumar Vijay, Founder of Corporate Professionals — a leading institution in corporate advisory and capital markets. Pavan Kumar Vijay brings 35+ years of experience across merchant banking, IPOs, capital markets, corporate restructuring, and transaction advisory. He previously served as Managing Director of BLB Limited and was among the youngest Presidents of the Institute of Company Secretaries of India (ICSI).
• Associated SEBI-Registered Merchant Banking EntitycoreImplementation/ SI/ Consulting PartnerFor regulated merchant banking activities (DRHP drafting, SEBI filings, stock exchange coordination), Makia Capital works through an associated SEBI-registered merchant banking entity to ensure full compliance and seamless IPO execution.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Spark Capital: Indian boutique investment bank focused on equity capital markets, IPO advisory, and institutional broking. Closely matches Makia's full-stack IB offering for SME and mid-market issuers targeting Indian exchanges.
• Avendus Capital: Full-stack Indian investment bank with deep IPO advisory, M&A, and private equity verticals plus AIF capabilities. Directly comparable to Makia as a domestic IB offering capital, advisory, and distribution to growth-stage Indian companies seeking public-market access.
• Intensive Fiscal Services: Mumbai-based boutique Indian investment banker focused on SME and mid-market IPO advisory and capital raising. Directly comparable to Makia's SME pre-IPO advisory and IPO execution focus.
• Antique Stock Broking (Antique Finance): Indian institutional broker and boutique IB active in IPO book building, advisory, and QIB placements. Comparable to Makia in serving growth-stage Indian issuers with capital-markets execution services.
• DRChoksey FinServ: Indian institutional broker and boutique IB active in IPO distribution, anchor book-building, and QIB placements for SMEs. Comparable to Makia on Indian capital markets execution and IPO advisory.

Broad incumbents

• Axis Capital: Major Indian full-service investment bank within Axis Bank group, with strong IPO and equity capital markets franchise. Competes with Makia for SME and mid-cap IPO mandates but with broader balance sheet and larger distribution.
• ICICI Securities: Large listed Indian investment bank offering IPO advisory, retail broking, and institutional research. Competes with Makia across IPO mandates and QIB placements, but at significantly greater scale and brand recognition.
• Kotak Mahindra Capital: One of India's largest investment banks, dominant in IPO underwriting, M&A, and ECM with established brand among Indian institutional investors. Overlaps with Makia's IPO advisory and follow-on offerings but operates at much larger scale.

Emerging players

• Veda Corporate Advisors: Boutique Indian investment bank providing M&A, PE placement, and capital markets advisory to growth-stage companies. Comparable to Makia in target segment (growth-stage promoters) and advisory scope, though smaller in AUM.
• Blume Ventures: Indian early-to-growth-stage venture capital and pre-IPO investor. Comparable to Makia's growth-stage investment focus, though operating primarily on the private capital side rather than full-stack advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/makiacapital
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/makia-capital

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Makia Capital