Np1 Capital Trust — N+1 Capital | Wisefolio

Np1 Capital Trust

Cat II · Managed by N+1 Capital

Revenue Based Growth Capital for New Age Entrepreneurs of India

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Np1 Capital Trust is a SEBI-registered Category II Alternative Investment Fund managed by N+1 Capital, India's pioneering Revenue Based Growth Capital (RBGC) fund. Registered in January 2021 and operating from a corporate office in Gurugram (Unit 525, 5th Floor, Emaar Digital Greens Tower A, Sector 61) with a registered office at C-207, Crystal Plaza, New Link Road, Andheri West, Mumbai 400053, N+1 Capital was founded as a USD 100 million fund by co-founders Rahul Chowdhury and Ashish Singla. The fund provides revenue-based growth capital to new-age Indian entrepreneurs — an alternative financing instrument linked directly to company revenues rather than equity dilution or hard-asset collateral. N+1 Capital invests in sector-agnostic companies with annual revenues of INR 12 crore or above, meaningful gross margins, and low existing debt. Investments typically range from INR 1 crore to INR 15 crore and are sized at up to 4x monthly revenue, with repayment structured as a 2–9% monthly revenue share over 1–3 year tenors. The fund has backed companies including Clensta, Shyplite, RED.Health, and JetSynthesys. N+1 Capital is backed by venture partner LetsVenture and has received coverage from Inc42, VCCircle, CNBC TV18, and Economic Times.

Investment philosophy

N+1 Capital believes entrepreneurs deserve a solid chance to build the business of their dreams, sustainably and profitably and at their own pace. The fund is built on five values: Innovation (pioneering RBGC in India), Data-Driven (tech-backed risk scoring), Agility (6-week end-to-end process), Empathy (entrepreneur-friendly terms), and Persistence (accommodating short-term failures on the path to long-term success). The fund only finances revenue-generating activities and does not require equity sale, valuation processes, or hard-asset collateral.

Team6

Rahul Chowdhury

Co-Founder and Managing Partner

18+ years of intensive Entrepreneurial and Operating Experience – has led several multi-vertical, multi-geography companies from Concept to Scale

Ashish Singla

Co-Founder and Managing Partner

16+ years of experience across Venture Capital, Private Equity, Portfolio Operations and Management Consulting

Shanti Mohan

Advisor

Venture Partner

Serial Entrepreneur and Angel Investor – (one successful exit) | Worked with HPE in Senior Global Leadership Roles

Jason Kothari

Advisor

Passionate Entrepreneur and business turnaround leader

Ranjit Pandit

Mentor

Extensive experience as an Independent Director, Private Equity and Management Consulting

Madhu Mohan, MD

Mentor

Extensive experience in Banking, Private Equity and Entrepreneurship across Healthcare, Technology, BioTech and Real Estate

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/20-21/0853

RegisteredJan 2021 (5 years ago)

Valid untilPerpetual

Contact personRahul Chowdhury

AddressC 207, Crystal Plaza, New Link Road, Andheri (West), Mumbai, Maharashtra, 400053

Investment manager

Insights

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Disclaimer

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