What cheque size does EvolutionX Debt Capital India AIF Trust write?

As compiled from public sources: US$20 million to US$50 million (amortising term debt facilities)

How do I pitch EvolutionX Debt Capital India AIF Trust through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

Venture debt / Private credit · SEBI registry

EvolutionX Debt Capital India AIF Trust

Debt / Venture debt · Private credit / Debt · Mumbai

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Contact on file — shared on accepted request

At a glance

Stage focus: Debt / Venture debt
Primary sector: Private credit / Debt
City: Mumbai
HQ / office: One BKC, Bandra Kurla Complex, Mumbai (platform HQ Singapore)
Fund registered: 2023
Investments on record: 4
Corpus (as reported): US$500m growth-stage debt platform (DBS + Temasek), per company/Bloomberg disclosures (2023-2024)
Website: evolutionx.com.sg
LinkedIn: Profile ↗

About

EvolutionX Debt Capital is a ~US$500m growth-stage debt-financing platform jointly set up by DBS and Temasek, providing less-dilutive structured/venture debt to tech-enabled companies in Asia. The India AIF Trust is its SEBI Cat II vehicle, with a regional office in Mumbai; it has shifted fund focus toward India.

Investment focus

Growth-stage venture/structured debt (less-dilutive financing) for technology-enabled companies across Asia; India is the primary focus (up to ~70% of the fund). Sectors: consumer/retail, enterprise software, fintech & financial services.

Cheque size

US$20 million to US$50 million (amortising term debt facilities)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II”

IN/AIF2/23-24/1389

SIDBI Fund of Funds

None found (platform is backed by DBS Bank and Temasek — Singapore institutional/govt-linked LPs, not SIDBI/Indian govt FoF)

Notable portfolio

Yubi; Gupshup; upGrad; Kitopi

Team & organisation

Trust-structured Category II AIF (AIF reg. IN/AIF2/23-24/1389); India manager EvolutionX Debt Capital Advisors India Private Limited; single growth-stage debt fund (Fund 1) on a DBS/Temasek platform

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Frequently asked

What does EvolutionX Debt Capital India AIF Trust invest in?: Growth-stage venture/structured debt (less-dilutive financing) for technology-enabled companies across Asia; India is the primary focus (up to ~70% of the fund). Sectors: consumer/retail, enterprise software, fintech & financial services.
What cheque size does EvolutionX Debt Capital India AIF Trust write?: As compiled from public sources: US$20 million to US$50 million (amortising term debt facilities)
How do I pitch EvolutionX Debt Capital India AIF Trust through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ Foreign-backed (DBS/Temasek, platform HQ Singapore); debt fund / venture-debt (NOT equity startup VC)

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://evolutionx.com.sg/; https://evolutionx.com.sg/about-us/