At Dax Water Tech Industries Pvt. Ltd (Dax), a multinational enterprise specializing in high-performance desalination equipment, the future appeared positive but challenging. Chief financial officer (CFO), Amol Paranjpe, was pondering the challenge of investing ₹200 million to meet the recent surge in demand that called for an immediate scaling up of operations, the purchase of new machinery, staff recruitment, and enhancing the logistics system. Paranjpe had to decide between bank loans, long-term bonds, and venture equity. The numbers were clear, but the decision was not; each option was promising but came with risks.