Insights
Research and institutional perspective on private capital in India.
Published by Eone Capital. Written for business owners, CFOs, and promoters navigating equity, debt, and public markets.
Private Credit — Transaction Analysis
PRIVATE CREDIT
How India's private credit market grew from $4.9B to $12.4B — and why it is just beginning
35% year-on-year growth in CY2025. $250 billion projected by 2030. What the data means for mid-market businesses seeking structured debt.
Read analysis →2025-26PRIVATE CREDIT
Why 46% of India's private credit deals in 2024 were refinancing transactions
The single largest use of private credit in India. Why businesses carrying 2020-2022 vintage debt have a clear case to refinance now.
Read analysis →2025-26PRIVATE CREDIT
How India's real estate sector became the engine of private credit
Real estate at 35% of deal value in H1 2026. From ₹1,200 crore NCDs to mid-market construction finance — what the transactions show.
Read analysis →2025-26PRIVATE CREDIT
Five models Indian mid-market businesses use to unlock growth through private credit
Acquisition financing, HoldCo funding, capex, bridge financing, and refinancing — with real transaction evidence for each.
Read analysis →Latest Market Intelligence
September 2026 · Updated monthly
PRIVATE CREDIT
Private credit market intelligence — September 2026
NCD placements confirm continued mid-market activity. What September 2026 private credit transactions tell businesses seeking structured debt of ₹30 crore and above.
Read analysis →Sep 2026SME IPO
SME IPO market update — September 2026
Multiple BSE SME and NSE Emerge listings in September. What the current environment means for promoters planning a 2027 IPO.
Read analysis →Sep 2026Equity & Fundraising
Consumer brand funding market update — India, September 2026
Health wellness and premium beauty lead investor appetite. The effective minimum standard for institutional funding in September 2026.
Read analysis →PRIVATE CREDIT
What is debt syndication and how does it work in India?
Debt syndication is one of the most misunderstood terms in Indian finance. Here is what it actually means, and when a business needs it.
Read →PRIVATE CREDIT
NCD vs term loan — which is right for your business?
Non-Convertible Debentures and term loans both provide debt capital — but they serve very different situations. Here is how to choose.
Read →SME IPO
What SEBI's 2025 SME IPO reforms mean for businesses considering a listing
SEBI raised the quality bar significantly in 2025. What changed, who it affects, and what it means for businesses planning to list.
Read →EQUITY FUNDRAISING
How Indian consumer brand investors calculate your valuation
3x to 8x revenue is the seed-stage range. Where you sit in that band is determined by four specific metrics most founders do not know.
Read →SME IPO
Why 37% of SME IPOs listed below issue price in 2025
The market told a clear story in 2025. Overpriced, underprepared businesses underperformed. Here is what the data shows.
Read →PRIVATE CREDIT
What private credit lenders check before approving a real estate debt facility
Real estate developers often approach the wrong lenders with the wrong information. Here is what the right lenders actually evaluate.
Read →EQUITY FUNDRAISING
How to calculate your real CAC before approaching investors
Most founders give investors a number. Investors calculate it themselves. Here is how to get there first.
Read →SME IPO
BSE SME vs NSE Emerge — which platform is right for your business?
Both platforms serve SME listings. The right choice depends on sector, size, and investor targeting strategy.
Read →MARKET INTELLIGENCE
Why healthcare is now India's second largest private credit sector
EY data shows healthcare at 13% of India's private credit market in H1 2026. Here is what is driving it.
Read →EQUITY FUNDRAISING
What contribution margin positive means — and why investors make it a hard floor
CM2 positive is not a nice-to-have. It is a binary gate for institutional capital. Here is what it means and how to calculate it.
Read →PRIVATE CREDIT
Construction finance in India — how real estate developers access private credit
Banks alone cannot fund India's real estate expansion. Private credit has stepped in. Here is how the market works.
Read →MARKET INTELLIGENCE
Five things investors check in the first 10 minutes of diligence
Before the meeting starts, the investor has already formed a view. Here is what they checked — and how to make every check pass.
Read →Private Credit & NCD — In Depth
PRIVATE CREDIT
Private credit in India — the complete guide for business owners and CFOs
What private credit is, how it differs from bank debt, who provides it, what it costs, and how businesses can access it efficiently.
Read →PRIVATE CREDIT
Why India's private credit market is growing in 2026
The structural financing gap, domestic fund growth, and what the strongest private credit market India has seen means for borrowers.
Read →PRIVATE CREDIT
Why domestic private credit funds now outperform global funds
Local knowledge, faster decisions, and flexible structures have made Indian-managed funds increasingly important to mid-market borrowers.
Read →PRIVATE CREDIT
What does private credit cost in India in 2026?
A practical guide to interest rates, arrangement fees, legal costs, and the total economics of private credit versus bank debt.
Read →PRIVATE CREDIT
How does NCD private placement work in India — the complete step-by-step process
A privately placed NCD is governed by the Companies Act and SEBI NCS Regulations. Here is the complete process from mandate to disbursement in 45-90 days.
Read →PRIVATE CREDIT
What is a Category II AIF and how does it lend to businesses in India?
Category II AIFs are the primary vehicle for private credit. Here is how they raise capital, evaluate borrowers, and structure and monitor loans — from a borrower's perspective.
Read →PRIVATE CREDIT
What to prepare before approaching private credit lenders — the complete credit package
A credit information memorandum is the primary document for private credit placement. Here is what the seven sections must cover and what lenders flag immediately.
Read →PRIVATE CREDIT
How NCD security structures work in India — what lenders actually require
The NCD security package consists of charges over land, receivables, shares, and guarantees. Here is what each component involves and what creates legal complications.
Read →PRIVATE CREDIT
How acquisition financing works through private credit in India
Acquisition financing through private credit is used when combined entity cash flows support structured debt. Here is how the structure works and what lenders require.
Read →PRIVATE CREDIT
How to refinance expensive business debt in India through private credit
Debt refinancing is one of the fastest growing private credit use cases in India. Here is when it makes economic sense and how the process works.
Read →Guides for Founders and CFOs
PRIVATE CREDIT
What is HoldCo financing and how does it work in India?
How holding companies borrow against subsidiary shareholdings, when the structure works, and what private credit lenders assess.
Read →PRIVATE CREDIT
What is mezzanine debt in India and when should a business use it?
How mezzanine financing sits between senior debt and equity, including its pricing, structures, and principal use cases.
Read →SME IPO
How much does an SME IPO cost in India?
A complete breakdown of merchant banker, legal, registrar, market maker, listing, and ongoing compliance costs.
Read →PRIVATE CREDIT
What is bridge financing for real estate developers in India?
When a short-term bridge facility makes sense, how it is priced, and what lenders assess before moving quickly.
Read →EQUITY FUNDRAISING
CCPS vs equity — what is the difference?
Why institutional investors use CCPS and what founders must understand about conversion, anti-dilution, and liquidation preference.
Read →SME IPO
How do companies migrate from SME platforms to the mainboard?
The eligibility criteria, application process, strategic benefits, and costs of migrating to the BSE or NSE mainboard.
Read →MARKET INTELLIGENCE
When does a business actually need an investment banker?
A practical decision framework for when specialist transaction advisory adds measurable value — and when it does not.
Read →EQUITY FUNDRAISING
How to find the right investors for your business in India
How to target the right investor type, build warm introduction paths, and prepare before the first conversation.
Read →Eone Capital Insights
Capital markets intelligence for Indian business owners and CFOs.
One email per week. Private credit market analysis, equity fundraising intelligence, and SME IPO updates — written for promoters and CFOs navigating India's capital markets.
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