Fund News
Revx Capital’s second private credit fund makes first close at Rs.250-Cr
RevX Capital , a private credit fund, is launching its second fund aiming to raise INR 750 crore, including a greenshoe option of INR 250 crore. The fund made its first close at INR 250 crore.The first fund, launched in 2023 has made over 50 investments over the last 18 months. The fund is sector-agnostic and focuses on the manufacturing, B2B, and agriculture sectors. The fund’s portfolio includes companies like Mivi, Farmley, Ayekart, Alt Mobility, and Amwoodo, among others. It invests non-dilutive capital of INR 2.5 to INR 30 crore per company, with tenures ranging between 12 and 30 months.The fund targets professionally managed companies with a revenue range of INR 50 to INR 750 crore that are profitable and need growth capital. The firm plans to launch funds under INR 900 crore every two years.
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