Klub closes its Rs 200 crore maiden fund ahead of the festive season
The Revenue-Based Financing Fund has disbursed 30% of its corpus across young businesses to unicorns.
Klub, India’s leading Revenue Based Financing platform, today announced that it has closed its Rs 200 crore maiden fund. The SEBI registered Category II Alternative Investment Fund has closed its target fund-raise successfully before the festive season.
In the last few months, the fund has made 33 investments in growth-stage businesses such as BluSmart, Ben Franklin, Bewakoof, Furlenco, SMOOR Chocolates, and The New Shop among others. The fund has disbursed 30% of its total value and is looking to make more investments in the coming few months.
Klub’s strategic partners, including Credence Family Office, played a pivotal role in closing this fund. Mitesh Shah, Founder and CEO, Credence Family Office said:
“We are always inclined to partner with capital platforms that focus on the cash flow of businesses to determine its growth. With Klub's Revenue-Based Financing Fund, we are able to do this without any equity dilution. This firmly supports our belief of delivering an optimal curated solution to the needs of businesses and our investors.”
Credence is a true-to-label multi-family office services provider that caters to the financial needs of a niche set of clientele globally with offices in Bangalore, Mumbai, Chennai and New Delhi.
The fund’s Advisory Council also includes industry leaders like Naveen Tewari, Founder & CEO, InMobi Group, Vidit Aatrey, Co-Founder & CEO, Meesho, and Dr. Apoorva Ranjan Sharma, Co-Founder, 9Unicorns.
With the close of this fund, Klub aims to accelerate disbursements across growth-stage businesses during the festive season. Klub invests capital ranging from ₹5 lacs to ₹30 crores in businesses for a tenure of 1-24 months. Anurakt Jain, co-founder and CEO at Klub said, “Revenue Based Financing fits perfectly for the festive season capital needs of businesses.
This festive season we will expand our investments in small businesses as well as unicorns by 2x through our RBF Fund over the next six months.”
Klub provides digital businesses with fast and flexible capital without having to dilute equity. Since its inception, Klub has funded 300+ brands in 600+ investment rounds.
About Klub
Klub, India's leading Revenue Based Financing platform, provides flexible funding up to Rs. 30 crores to digital businesses and SMEs with recurring revenue. The company partners with leading NBFCs, HNIs, financial institutions, and its own SEBI registered fund to provide growth capital. Klub offers different capital structures for businesses across all stages (early, growth & late) for recurring marketing, inventory, and capex expenses. The company has deployed more than 600 investment rounds enabling growth for 300+ brands across India. To know more, visit www.klubworks.com
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