RevX Capital Fund I is a SEBI approved Category 2 Alternative Investment Fund with approved
capital base of INR 600 Cr

RevX Capital is the 2nd Debt Fund from Rahul Chowdhury (Managed by RevX Advisors LLP)

Our Mission

We want to combine the best of Venture Debt and Traditional Debt to create an "Entrepreneur First" Debt Fund for both new-age companies and SMEs. Unlike Venture Debt, we shall never require dilution of an entrepreneur's equity (through warrants), and unlike the fixed EMI in Tradition Debt, our payment schedules will be bespoke to the needs of each company.

Our Vision

Access to capital without diluting equity is an entrepreneur's right and we want to ensure that it is a choice one can exercise even in the most challenging times. Additionally, we want to empower companies to boost their top lines and achieve future fundraising and growth milestones without sacrificing equity, creating a virtuous growth cycle.

Our Values

We embrace a vision built on three key values for entrepreneurs: speed, transparency, and partnership.

We believe in enabling swift decision-making processes and execution, ensuring entrepreneurs can seize opportunities without unnecessary delays.

Transparency is the cornerstone of our approach, as we strive to provide clear and open communication, fostering trust in all our interactions.

Finally, we value partnership, recognizing the power of collaborative relationships to drive mutual success and create lasting impact in the entrepreneurial ecosystem.

Our Mission

We want to combine the best of  Venture Debt and Traditional Debt to create an "Entrepreneur First" Debt Fund for both new-age companies and SMEs. Unlike Venture Debt, we shall never require dilution of an entrepreneur's equity (through warrants), and unlike the fixed EMI in Tradition Debt, our payment schedules will be bespoke to the needs of each company.
Our Vision

Access to capital without diluting equity is an entrepreneur's right and we want to ensure that it is a choice one can exercise even in the most challenging times. Additionally, we want to empower companies to boost their top lines and achieve future fundraising and growth milestones without sacrificing equity, creating a virtuous growth cycle.
Our Values

We embrace a vision built on three key values for entrepreneurs: speed, transparency, and partnership.
We believe in enabling swift decision-making processes and execution, ensuring entrepreneurs can seize opportunities without unnecessary delays.

Transparency is the cornerstone of our approach, as we strive to provide clear and open communication, fostering trust in all our interactions.

Finally, we value partnership, recognizing the power of collaborative relationships to drive mutual success and create lasting impact in the entrepreneurial ecosystem.

Our Value Proposition

Our foundation is based on the belief that entrepreneurs should not have to choose between diluting ownership for growth or meeting inflexible repayment schedules and collateral requirements.

Fast Deployment

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We recognize that you may require capital urgently for various reasons. Our goal is to furnish entrepreneurs with a term sheet within a week, followed by disbursement of funds within 3-4 weeks.

Customized Repayment Schedules

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Capital requirements can vary significantly between companies and periods. Therefore, we offer customized repayment schedules to enable businesses to utilize our capital to achieve the highest possible ROI.

Non-dilutive Capital

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Our forte lies in providing non-dilutive capital. We refrain from making investments that involve sharing your company's equity upside or influencing your decision-making authority in any way, including through shareholding, board seats, or observer seats.

Significant Capital Deployment

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We can offer up to INR 40 Cr of non-dilutive capital directly or through co-investment from our LPs without requiring your company to undergo multiple diligences or create various MIS formats. Our speedy disbursement, coupled with this capability, enables us to fulfill the majority of our partner companies' capital requirements.

Senior Team’s Network

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We offer not only capital but also access to an extensive network of reliable contacts spanning multiple financial institutions and industries.

As our partner, you shall gain access to this network, which you can leverage not only for additional capital infusions but also to gain valuable insights into investor sentiment and industry direction.

Business Model and Entrepreneur - Focussed Evaluation

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Our team consists not only of credit experts but also ex-entrepreneurs and ex-CXOs, enabling us to comprehend your vision and assess your company holistically. We don't just rely on conventional historical financial analysis but also adopt a business and operating mindset.

Rather than emphasizing fixed assets and collateral quality, we prioritize the pedigree of the founder, team, and business metrics quality.

Operating Expertise

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While we may not be specialists in your business domain, we possess a business mindset that we bring to the table. Drawing from our own experiences and witnessing both triumphs and failures first-hand, we can provide valuable, hands-on entrepreneurial and CXO-level advice regarding sales, finances, operations, and startup strategies, to assist you in scaling your business successfully.

Repayment Structure

RevX’s Repayment Schedule significantly aids even in the case of Seasonality or System Shocks.

A tailored repayment schedule can mitigate the liquidity challenges and risks commonly linked with debt and traditional EMI structures, even when revenue and expenses schedules are identical.

Traditional Debt Repayment Schedule

Months	Opening bank balance	Revenue	Direct expenses	Fixed expenses	Debt repayments	Closing bank balance
April	20	80	40	20	28	12
May	12	55	28	20	28	-8
June	-8	90	45	20	28	-11
July	-11	100	50	20	28	-9
August	-9	110	55	20	28	-1
September	-1	100	50	20	28	1
October	1	110	55	20	28	8
November	8	60	30	20	28	-10
December	-10	110	55	20	28	-3
January	-3	120	60	20	28	10
February	10	125	63	20	28	24
March	8	140	70	20	28	47

RevX Repayment Schedule

Months	Opening bank balance	Revenue	Direct expenses	Fixed expenses	Debt repayments	Closing bank balance
April	20	80	40	20	25	15
May	15	55	28	20	18	4
June	4	90	45	20	27	2
July	2	100	50	20	29	3
August	3	110	55	20	31	7
September	7	100	50	20	28	9
October	9	110	55	20	30	13
November	13	60	30	20	17	6
December	6	110	55	20	30	12
January	12	120	60	20	32	20
February	20	125	63	20	32	30
March	30	140	70	20	36	45

No Equity Dilution

Judicious use of debt from RevX can significantly increase equity valuation while maintaining independence and minimising the risk of seasonal shocks.

One Year Wealth Increase (No RevX Debt)

Without Revx Debt	Year 0	Year 1
Revenues	100.0	121.0
EBITDA %	15.0%	15.0%
EBITDA	15.0	18.2
Less Interest	-	-
EBT	15.0	18.2
Less: Taxes @ 30%	4.5	5.4
PAT	10.5	12.7

Debt	0.0	0.0
Equity	50.0	50.0
Reserves	0.0	10.5
Total capital	50.0	60.5

Revenue/Total Capital Ratio	2.0	2.0

Enterprise value (15x EBITDA)	225.0	272.3
Less: Debt	0.0	0.0
Equity Value	225.0	272.3

Change in Equity Value		21.0%

One Year Wealth Increase (With RevX Debt)

With Revx Debt	Year 0	Year 1
Revenues	100.0	141.0
EBITDA %	15.0%	15.0%
EBITDA	15.0	21.2
Less Interest	-	2.0
EBT	15.0	19.2
Less: Taxes @ 30%	4.5	5.7
PAT	10.5	13.4

Debt	0.0	10.0
Equity	50.0	50.0
Reserves	0.0	10.5
Total capital	50.0	70.5

Revenue/Total Capital Ratio	2.0	2.0

Enterprise value (15x EBITDA)	225.0	317.3
Less: Debt	0.0	10.0
Equity Value	225.0	307.3

Change in Equity Value		36.6%