VC fund (Cat II) · SEBI registry
NP1 Capital Trust
Growth (Series C+) · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Mumbai (registered office, Andheri West); corporate office in Gurugram, Haryana
- Fund registered
- 2020
- Investments on record
- 8
- Corpus (as reported)
- $100M fund (USD 100 million, per official site, 2024)
- Website
- www.np1.in
- Profile ↗
About
N+1 Capital (legal vehicle NP1 Capital Trust) is a SEBI Category II AIF pioneering Revenue-Based Growth Capital in India — providing non-dilutive, revenue-share financing to growth-stage companies rather than taking equity. Founded by Ashish Singla and Rahul Chowdhury.
Investment focus
Growth-stage, sector-agnostic. Provides Revenue-Based Growth Capital (RBGC) — non-dilutive financing (INR 1–15 Cr, ~2–9% monthly revenue share) to companies with INR 12 Cr+ annual revenue, 25%+ gross margins and low debt.
Cheque size
INR 1 Cr to INR 15 Cr (revenue-based growth capital, typically up to ~4x monthly revenue)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/20-21/0853
SIDBI Fund of Funds
None found
Notable portfolio
Moeving; Melorra; ProVet Pharma; StanPlus; Clensta; Shyplite; TeamOnk; Mivi
Team & organisation
Trust-form Category II AIF (NP1 Capital Trust; SEBI reg IN/AIF2/20-21/0853, Jan 2021) — branded N+1 Capital, revenue-based/growth-debt; reg. office Andheri West Mumbai, corporate office Gurugram
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Frequently asked
- What does NP1 Capital Trust invest in?
- Growth-stage, sector-agnostic. Provides Revenue-Based Growth Capital (RBGC) — non-dilutive financing (INR 1–15 Cr, ~2–9% monthly revenue share) to companies with INR 12 Cr+ annual revenue, 25%+ gross margins and low debt.
- What cheque size does NP1 Capital Trust write?
- As compiled from public sources: INR 1 Cr to INR 15 Cr (revenue-based growth capital, typically up to ~4x monthly revenue)
- How do I pitch NP1 Capital 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
- ⚑ PE/credit-style fund (Cat II, revenue-based / non-dilutive financing rather than classic startup equity 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://www.np1.in/; https://www.np1.in/apply