Revenue-Based Financing Platform Klub Raises Rs 200 Crore Maiden Fund

Revenue-based financing platform Klub has raised Rs 200 crore maiden fund to accelerate disbursement during the festive season. Founded in 2019, by Anurakt Jain and Ishita Verma, the company utilizes financial innovation, community engagement, and data analytics to help grow the capital of the businesses. Klub is backed by the Venture Capital firm Sequoia’s Surge accelerator program. 

According to a report by Entrackr, Klub’s business model works by investing capital worth Rs 5 lakhs to Rs 30 crore in businesses for a period of two years. As per the report, it has made investments in 33 growth-stage businesses such as BluSmart, Ben Franklin, Bewakoof, Furlenco, SMOOR Chocolates, and The New Shop. 

In 2020, the company raised two million in pre-seed funding round. Some of the marquee investors in the company include EMVC Fintech Fund, Better Capital, Tracxn Labs, and 9Unicorns. The angel investors in the company include InMobi’s Naveen Tewari and Piyush Shah, Cred’s Kunal Shah, Rajesh Yabaji of Blackbuck, Ramakant Sharma of Livspace, Amit Gupta of Yulu, and Shailendra Singh of MarketsandMarkets, amongst others.