Ashish Singla is the Co-Founder and Managing Partner of N+1 Capital, India’s first and largest revenue-based growth capital fund. See contact routes.
Ashish Singla is the Co-Founder and Managing Partner of N+1 Capital, India’s first and largest revenue-based growth capital fund, which he established in 2020 after accumulating over 16 years of experience in venture capital, private equity, and management consulting. His firm’s investment thesis is sector and stage agnostic, targeting revenue-generating startups across India with no geographic restrictions beyond the country. N+1 Capital typically provides check sizes up to $2 million (Rs 15 crore) and operates as a debt-like growth capital provider rather than a traditional equity investor, focusing on companies with proven revenues. Notable early portfolio companies include ShypLite, Clensta Technologies, and Teamonk Global Foods, which received funding in the fund’s first close in 2021. Singla emphasizes a distinctive point of view by linking capital directly to company revenues, fostering growth in consumer goods, healthcare, and technology without taking equity control. He has not published public writing or distinctive opinions widely cited beyond his firm’s operational model as India’s pioneering revenue-based fund.
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