Startups — Nikita Rai

₹0.6M

Fraud Detected & Recovered

60%

Control Gaps Reduced

25%

Cost Reduction Achieved

2020–2021 · Bangalore & Hyderabad, India

Clover Ventures Pvt Ltd

Consumer Brand: Deep Rooted

Finance Manager · 13-Member Team across Two States

The Company

Clover Ventures Pvt Ltd is a high-growth agritech startup that connects farmers directly to consumers and B2B clients across Bangalore and Hyderabad. The consumer brand, Deep Rooted, delivers fresh produce within 12–16 hours of harvest — working with 90+ farmers across 120+ acres, with operations spanning hydroponics, open-field farming, and a complex multi-state supply chain. Backed by Accel, Omnivore, IvyCap Ventures, and Mayfield in a $12.5M Series A round.

What I Built

Finance Team & Operations

Led 13 members across Bangalore & Hyderabad. Hired, onboarded, and trained the accounts team. End-to-end accounting for ₹100M+ multi-channel revenue.

Internal Controls & Fraud Detection

Built the control framework from scratch — segregation of duties, authorization matrices, payment policies. Reduced control gaps by 60%. Detected & recovered ₹0.6M in fraud.

Working Capital & Vendor Negotiations

Cut working capital cycle by 40% and vendor costs by 35% via negotiations with 70+ suppliers. Cash flow forecasting across 3 banks for seasonal liquidity.

Investor Reporting & Audits

Series B reporting — burn rate, 13-week cash flow projections, investor MIS. Annual audit by BDO and investor due diligence. Company was always audit-ready.

Legacy Issues & Asset Valuation

Resolved legacy accounting issues. Proper valuation of specialized assets — hydroponic farms, agricultural land. Ensured accurate document collection & storage.

Compliance & Statutory Filings

Full tax compliance (VAT, TDS, GST). Monthly, quarterly & annual financial reports to management. Coordinated statutory audit completion.

Team Lead (13) Internal Controls Fraud Detection Series B BDO Audit Working Capital Multi-State Ops Agritech

2017–2020 · Bangalore, India

Quintype Technologies India Pvt Ltd

Media-Tech SaaS · HQ: New York

Finance Manager

The Company

Quintype Technologies is a New York-headquartered media-tech SaaS company providing an AI-powered digital experience platform for publishers. Their suite of products — including Bold CMS, Ahead, and Accesstype — serves 300+ global publishers managing over 1.5 billion monthly pageviews, including marquee brands like NDTV Profit, The Quint, Fortune India, and The New Indian Express.

What I Built

End-to-End Accounting & Reporting

Full-cycle accounting (AP/AR, reconciliations, GL, invoicing) for ₹80M+ turnover. Monthly US GAAP reports — subscription revenue, deferred revenue, and management MIS.

Budgeting, Forecasting & Cost Control

Budgeting & cash management across multiple banks. 25% cost reduction, 15% working capital improvement through strategic contract restructuring with clients & vendors.

Team Training & Payroll Setup

Trained 2 team members on day-to-day entries (Tally ERP). Administered monthly payroll and statutory compliance. Onboarded 3rd-party payroll provider for streamlined processing.

Internal Controls & Process Design

Built controls over revenue recognition, expense authorization, month-end close. Reduced material weaknesses by 30%. Improved financial reporting efficiency.

Audits & Investor Due Diligence

Primary liaison for statutory & internal audits. Quarterly audits from HQ. Due diligence by Omidyar. Coordinated Series B financial documentation & investor presentations.

Compliance & Statutory Returns

Quarterly & annual statutory compliance, tax payments, regulatory filings. Semi-annual & annual returns. Maintained banking relationships & payment scheduling.

SaaS Finance US GAAP Subscription Revenue Cost Optimisation Series B Due Diligence Omidyar 3rd-Party Payroll