Recur Club has disbursed Rs 1000 crore as debt capital primarily focusing on funding sectors like tech services, SaaS, D2C, B2B Tech, and logistics. The fintech platform signed up 8,880 founders for capital out of which 144 qualified the underwriting standards, the firm added in its statement.
Recur Club facilitates the capital-raising process for the companies connecting them with over 50 prominent lenders, including Tata Capital, HSBC, Aditya Birla Capital, INCRED, Ugro Capital, and various other NBFCs, banks, and institutional capital providers. The platform offers companies a term sheet within 48 hours and the flexibility to raise 30 per cent of their revenue without restrictions, making it easier for them to access the capital they need.
Advertisement
Summarising the Indian market for debt capital, Eklavya Gupta, founder of Recur Club said, “Founders should have a clear idea of the use case of the capital they’re raising and understand the associated risks. Debt makes sense for businesses with some predictability in their cash flows. In contrast, equity makes sense for businesses that want capital for longer-term use cases and don’t have margins greater than their cost of debt.”
Previously, the Recur Club has funded companies like Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, among others.
The recent World Bank data reveals that India's domestic credit to the private sector is only 55 per cent of its GDP, much lower than the global average of 148 per cent. This indicates a significant unmet demand for credit in India, leading to a noticeable shift in lending and borrower strategies.
Advertisement
Recur Club enables companies to raise debt capital tailored to their business needs with a dedicated capital expert. Since 2021, Recur Club has disbursed over $100 million to over 500 companies, enabling them to experience unrestricted growth, the company added.
Just one email a week