Team and Advisory


Chief Financial Officer


Raunak serves as the Chief Financial Officer at Gray Matters Capital. Raunak has more than two decades of experience in Finance across multiple industries including Impact investment, Life Insurance, Financial Services, Payments, Insurance Broking, Manufacturing, FMCG, Industrials and IT Services. He has built his expertise in areas as diverse as Due Diligence, Investments, Transformation, Controllership, Project Management, Treasury, Risk Assurance, Audit and Management Assurance Services. He is also a qualified Insolvency Resolution Professional from the Insolvency and Bankruptcy Board of India (IBBI). Having worked with MNCs and undertaken various consulting engagements, Raunak has built and expanded his international experience through his work in more than 20 countries and across 4 continents. In addition to this, he has also successfully led an Early Stage VC funded Technology led Payments company.

 Raunak joined Gray Matters Capital as the CFO and Portfolio Head in 2018. In 2019, he was tasked with the additional responsibility of GEFC, GMC’s newly set up Education Finance expansion strategy into Asia and Africa. As the CEO of GEFC, he worked very closely with local teams to operationalize education finance initiatives in Nigeria and Pakistan. At the onset of Covid, Raunak moved in as the Interim-CEO of Indian School Finance Company (a key portfolio company) to help steer the company from the ongoing crisis. In 2020, Raunak moved out of his full-time role at GMC and co-founded EdPrime while continuing to manage the education finance portfolio and the finance function at GMC. He exited EdPrime in 2021 to strategic partners to join GMC in full time capacity.