LetsVenture launches N+1 Capital debt fund; gets SEBI nod to raise Cat-II AIF of $100 mn

LetsVenture, an early-stage investment firm launched its revenue-based growth capital firm N+1 Capital. According to a statement, the firm has received a go-ahead from SEBI to raise its first Cat-II AIF of mn in India

N+1 Capital is a Cat-II AIF, and the first revenue-based growth capital fund in India. Revenue-based growth capital (RBGC) is an alternative method of raising capital for entrepreneurs where investors receive a percentage share of the ongoing monthly gross revenue of the businesses they invest in.

The company says that the funds raised would help bridging the gap where many strong founders and businesses wanted to raise funds but were facing difficulties to dilute equity or provide large collaterals, which seemed quite burdensome.

8 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India