RevX Capital

RevX Capital is a Gurugram-based venture debt firm established in 2023, and it reaches CGSS through the fund route rather than as a bank or NBFC. It positions itself as an entrepreneur-first provider of non-dilutive growth capital, and operates a Performing Credit strategy aimed at SMEs and startups requiring roughly Rs 4 crore to Rs 40 crore, typically for working capital, with target companies generally reporting revenue in the Rs 50 crore to Rs 300 crore range.

Those published ranges are unusually useful, because almost no Member Institution states its target ticket or revenue band at all. Check yourself against them honestly before approaching. RevX is also relevant to the scheme's second structure: SEBI-registered Alternative Investment Funds providing venture debt can access umbrella-based cover, where the guarantee is the actual losses or up to 5 percent of the fund's pooled investment in eligible startups, whichever is lower, subject to the same Rs 20 crore per-borrower ceiling.

Its role in the Credit Guarantee Scheme for Startups. RevX Capital is one of 40 institutions registered with the National Credit Guarantee Trustee Company as a CGSS Member Institution (NCGTC MLI ID 277, classified as a SEBI-registered fund). Member Institutions are the lenders that actually extend credit under the scheme: you borrow from RevX Capital, and NCGTC guarantees it against your default. That guarantee is what allows credit to be extended to a DPIIT-recognised startup without collateral, with cover of up to Rs 20 crore per borrower, being 85 percent of the amount in default on loans up to Rs 10 crore and 75 percent above that.

The terms are the lender's, not the scheme's. CGSS fixes the guarantee, not the loan. The interest rate, tenure, moratorium, repayment schedule and how the Annual Guarantee Fee is passed on to you are all set by RevX Capital under its own credit policy, and they differ materially between Member Institutions for an identical borrower. Registration does not oblige RevX Capital to lend: it appraises you on its normal credit standards first and applies the guarantee second. Approaching more than one Member Institution is almost always worth the effort.