N+1 Capital is an emerging revenue-based debt fund.

Basic Information

N+1 Capital is an investment firm that provides funding on a share of revenue basis. Investments are not collateralised; there are no equity sale requirements. Investment contracts are structured so that repayment is sourced solely from an agreed-to percentage of revenue and capped per mutual agreement. It will offer growth-stage capital to startups across sectors with ticket sizes of ₹1 crore to ₹15 crore. The debt fund is looking at firms which are at least a year old with net revenue of ₹50 lakh and average gross margins of over 30%. N+1 will provide startups access to capital, at a premium, without taking any equity share or collateral from the company. Further, it collects a percentage of the borrowing entity’s monthly revenues to pay the capital back, and gives steady returns to its limited partners on a quarterly basis. The fund’s limited partners include family offices in the UK, the US, and India, as N+1 looks to provide at least 20% internal rate of return (IRR) to its backers. The fund aims to provide capital to more than 100 entrepreneurs during its lifecycle, and has partnered with investment platform, LetsVenture as its venture partner. See more

Legal Name

:

N+1 Capital

Headquarters

:

Delhi, Delhi, India

Founding Date

:

2020

No. of Employees

:

<10

Core Team

:
1.

Ashish Singla

Co-Founder & Managing Partner

2.

Rahul Chowdhury

Co-Founder & Managing Partner