Investment Opportunity
The group is organizing a total seed capital raise of USD 8.00 Million to scale two high-velocity trade and e-commerce platforms, culminating in a mega-scale Industrial Factory-as-a-Service (FaaS) rollout by Year 5.
Corporate Structure & Equity Allocation
The corporate framework is structured as a Consolidated Holding Company (Top-Co) controlling 100% of downstream operations, keeping Radiant Synage in operational and voting control while maximizing investor upside:
- Total Capital Ask: USD 8.00 Million Cash (Split as two USD 4.00M allocations, each for a 20% stake).
- Total Implied Post-Money Valuation: USD 20.00 Million.
- Radiant Synage Contribution: Appraised at USD 12.00 Million in corporate intellectual property (IP), banking lines, and infrastructure.
- Equity Split: 60% Radiant Synage (Majority Control) / 40% Investor (Significant Minority).
Dual-Track Operational Architecture
Track A: Delper Global Consultants (Singapore SPV)
- Focus: Cross-border B2B bulk enterprise trade platform utilizing Radiant's trust-layer integration model.
- Infrastructure Spend (USD 4.0M): Allocated immediately into SAP BTP & Signavio middleware ($0.86M), SAP S/4HANA Core ERP ($0.39M), and SGS quality webhooks ($0.15M).
- Unit Economics: 15.184% take rate on premium commodities and 24.2% on consumer and high-margin goods, over a 14-day settlement cycle (26 capital turns per year from Year 2; 17.6 in Year 1), plus a 6.0% net annual liquidity spread on cargo-secured facilities.
Track B: Delper Retail (India Domestic Engine)
- Focus: India-focused, buyer-first digital marketplace natively integrated with the Open Network for Digital Commerce (ONDC).
- Milestone Capital Deployment (USD 4.0M):
- Tranche 1 ($1.0M): Immediate setup, legal licensing, and engineering team onboarding.
- Tranche 2 ($1.5M): Triggered on execution of formal Axis Bank escrow terms and SGS 3PQC partnership terms.
- Tranche 3 ($1.5M): Funds a comprehensive 6-to-9 month pilot phase (30–50 factories, 15–25 DTC brands).
- Unit Economics: 2% commission on each sale, deducted from escrow release. Sellers pay a USD 100 annual onboarding fee and prepay real-time bidding and 3PQC inspection costs at actual cost. Buyers pay no separate fee. Delper Retail customer onboarding pilots in India.
- Five-Year Target: 7.5M orders and buyers and 15,000 certified sellers in Year 5, India only through ONDC.
Investor Risk Mitigation: The 12-Month Exit Pipe
To completely de-risk the investor's USD 8.00 million cash commitment, Delper runs an isolated financial vehicle in parallel to the core technology tracks:
- The Vehicle: Routes 800,000 metric tons of bulk palm oil annually through Irrevocable At-Sight Letters of Credit (LCs). Malaysia is used only for palm oil purchasing, to clear the debt.
- The Trust Pool: Capturing a locked logistics fee of USD 10 per ton builds a ring-fenced USD 8.00 Million Bare Trust pool.
- Principal Return: 100% of the seed capital (USD 8.0M) is returned to the investor as a single lump-sum payout within 12 months, paid from the palm oil deal. The palm oil business continues as usual. Net cash risk drops to USD 0.00. Investor exits.
Five-Year Horizon: Delper Aegis Scaling
By Year 5, the unencumbered cash flows from both core operational wings combine into a mega-reserve:
- Global Consultants Profit: USD 2.03 Billion
- Delper Retail Profit: USD 204.38 Million
- Combined Year 5 Profit Pool: USD 2.234 Billion
- Capital Deployment: USD 1.90 Billion total launch cost for Delper Aegis, an industrial-grade Factory-as-a-Service (FaaS) cybersecurity layer, covering USD 531.5 Million of silicon development and hardware for an initial run of 3,000,000 Delper Guard firewalls. Launch funding is provided in-house. Under upfront production, Year 1 funding is USD 1.57 Billion and cumulative cash turns positive in Year 3.
- Terminal Scale: Upfront contribution of USD 5.35 Billion after silicon development, realized in Year 1 of rollout. Recurring revenue reaches USD 188.5 Billion a year at 1,000,000 lines on the revised per-line bill of USD 15,706.50 a month. If customers accept only the USD 8,371.50 source subscription, that falls to about USD 100.5 Billion. Both figures depend on plant density and FDE hiring.
Aegis Viability: Conditionally Viable
Delper Aegis is viable as a hardware business. It is viable as a managed service only if three conditions hold together: plants average about 26 or more production lines, customers accept a total bill near USD 15,707 per line per month, and the launch is funded.
- Workforce: the 12-line planning basis needs about 350,000 FDEs, against a talent model that supports about 159,390 engineers. Hiring capacity, not customer demand, is the binding constraint.
- Price: the total bill is about 88% above the source subscription and has not yet been tested with customers.
- Certification: IEC 62443 SL-4 is a target, not a rating. Formal testing is scheduled for Years 1 to 2.
Milestones
Setup, legal licensing, and engineering team onboarding.
Triggered on execution of formal Axis Bank escrow terms and SGS 3PQC partnership terms.
Funds a pilot with 30–50 factories and 15–25 DTC brands.
Rapid 14-day settlement loop for the B2B trade platform.
100% of the seed capital returned to the investor as a single lump-sum payout.
Factory-as-a-Service cybersecurity layer, with 3,000,000 Delper Guard units in the initial hardware run. Run rate assumes full line base and FDE coverage.
Financial Summary
| Metric | Track A: Global Consultants |
Track B: Delper Retail |
Combined Total (Top-Co) |
|---|---|---|---|
| Capital Allocation | USD 4.00 Million | USD 4.00 Million | USD 8.00 Million |
| Equity Percentage | 20% Pass-through | 20% Pass-through | 40% (until 12-month exit) |
| Governance Stake | 60% Radiant Synage | 60% Radiant Synage | 60% Radiant Synage |
| 12-Month Cash Payout | — | — | USD 8.00 Million (100% Return) Investor exits |
| Projected Year 5 Profit | USD 2.03 Billion | USD 204.38 Million | USD 2.234 Billion |
Group Revenue, Years 1 to 10
Group revenue is the sum of the three tracks. Track A is take-rate revenue from the Global Trust Infrastructure model. Track B is Delper gross profit from the Retail forecast: the base case for Years 1 to 5, then the 1-billion-buyer scenario for Years 6 to 10. Delper Aegis revenue starts in Year 7, after the Year 5 net profit of the Trust and Retail tracks is invested to start the Aegis chip and FDE training. Figures are revenue, not profit, and are not reduced for costs.
| Year | Track A: Global Trust Infra |
Track B: Retail |
Delper Aegis | Group Total |
|---|---|---|---|---|
| Year 1 | $9.44M | Not material | $0M | $9.44M |
| Year 2 | $49.57M | $5.81M | $0M | $55.38M |
| Year 3 | $236.70M | $43.60M | $0M | $280.30M |
| Year 4 | $1.13B | $174.40M | $0M | $1.30B |
| Year 5 | $5.40B | $545.00M | $0M | $5.95B |
| Year 6 | $25.77B | $1.45B | $0M | $27.22B |
| Year 7 | $123.07B | $3.86B | $5.91B | $132.84B |
| Year 8 | $587.70B | $10.27B | $27.64B | $625.61B |
| Year 9 | $2.81T | $27.31B | $44.59B | $2.88T |
| Year 10 | $13.40T | $72.67B | $62.97B | $13.54T |
Track A dominates the group total from Year 6, and its Year 10 figure is about 8% of projected world GDP. Track A's growth rests on an assumption of 26 capital turns a year that the Trust document does not evidence. Track B's 1-billion-buyer scenario grows orders about 2.7 times a year and is also unproven.
Reconciliation Points
The following items differ between this summary and the subsidiary documents, or are not supported by them. Resolve before external distribution.
- Stake terms: each USD 4.00M allocation buys 20% (USD 20.00M post-money). The Global Trust Infrastructure summary still shows 25% at USD 12.00M pre-money and should be updated to 20%.
- Investor exit: the investor exits at month 12 on principal return, paid from the palm oil deal while the palm oil business continues as usual. The Global Trust Infrastructure summary models the CapEx repayment stream only. Confirm that the palm oil deal supports USD 8.0M by month 12.
- Year 5 profit figures (USD 2.03 Billion for Track A, USD 204.38 Million for Track B) are not derived in the Global Trust Infrastructure or Global Retail summaries. Confirm their source.
- Track A take rate: the Global Trust Infrastructure summary applies 24.2% to consumer and high-margin goods and 15.184% to premium commodities. Confirm which rate applies to the B2B bulk platform.
- Malaysia: the Global Retail summary includes a Malaysia pilot for Delper Retail. Malaysia's role is limited to palm oil purchasing, so that pilot is removed from this summary and should be removed from the Retail document.
- Rating claim: the AAA rating reference has been removed because no rating evidence appears in the source documents. Reinstate only with a rating letter.
- Aegis revenue basis: the Aegis summary revises annual recurring revenue to USD 188.5 Billion on the revised bill, with USD 100.5 Billion at the source subscription. The USD 102.50 Billion figure previously used is the source figure, which is not reconciled to the revised bill.