Chandra Varan Aerologistix Pvt Ltd

A clear-eyed look at where they stood.

Chandra Varan Aerologistix Pvt Ltd, an aviation services company at seed stage, needed growth capital, and it needed a funding application that could stand up to scrutiny from a seed-fund committee. Aviation is a capital-intensive sector: equipment, certifications, and ground infrastructure all draw down cash well before revenue catches up, so an early-stage operator’s ask has to be backed by numbers that hold together on their own.

The Startup India Seed Fund Scheme (SISFS) is one route for that capital, but it is not a rubber stamp. It runs through a DPIIT-approved incubator, offers a grant of up to Rs 20 lakh or convertible-debenture funding of up to Rs 50 lakh (one route, not both), and releases funds against milestones rather than in a single lump sum. A committee reads the business plan, the budget, and the projections against the scheme’s own eligibility and permitted-spend rules before it sanctions anything. For a company outside software or consumer tech, where reviewers may be less familiar with the sector’s cost structure, that plan has to do more explaining, not less.

The company’s task was to present its aviation-services model in a form the committee could evaluate on the scheme’s terms: a credible use-of-funds plan, financial projections a reviewer could trace back to real assumptions, and an application structured so that eligibility questions were answered before they were asked.

CapEasy prepared the SISFS proposal end to end: the business plan, the budget, and the financial projections, all built to align with what the scheme actually asks for rather than a generic pitch-deck format. That meant translating the company’s aviation-services operations, its cost base, and its growth plan into the specific sections a seed-fund reviewer expects to see.

A large part of the work was structural. SISFS defines what an approved company can and cannot spend seed capital on, and it sets eligibility criteria that an application either satisfies on its face or doesn’t. We structured the application to those eligibility and permitted-spend rules directly, so the budget line items and the stated use of funds matched the scheme’s own boundaries rather than requiring the committee to infer intent or ask for clarification.

Projections were built to be defensible on their own, since a committee weighing a seed-stage aviation business is reading unfamiliar unit economics for the first time. The proposal set out the numbers in a form that could be checked line by line against the assumptions behind them, rather than asking for a leap of faith on a sector the reviewer may not evaluate every week.

The outcome

Chandra Varan Aerologistix secured a Startup India Seed Fund approval. A Seed Fund approval is the incubator committee’s sanction of the application; it is not a disbursement. Actual release of funds follows the scheme’s own due-diligence checks and compliance milestones, and is not guaranteed at the point of approval.

What made it work

The application read as a single, consistent document: business plan, budget, and projections all pointed at the same numbers, and the use-of-funds plan matched what the scheme permits rather than what a generic pitch deck would list. For a sector-specific business, that alignment is usually what decides whether a committee can evaluate the ask on its own terms or has to stop and ask for more.