NimbusPost partners with Klub to facilitate instant settlements for 1 lac+ eCommerce merchants

NimbusPost partners with Klub to facilitate instant settlements for 1 lac+ eCommerce merchants
Klub and NimbusPost activate instant settlements for 1lac+ merchants

India’s 2nd largest tech-enabled shipping aggregator, NimbusPost, recently announced a strategic alliance with Klub, Asia's leading growth enablement platform to offer flexible, non-dilutive growth capital and flexible debt financing solutions of up to Rs 30 crore to its 1 lac+ merchants.

Through this partnership, Klub, with its advanced risk and analytics models, aims to empower online sellers in their growth journey and reduce the turnaround time of Cash-on-Delivery (COD) remittances to merely one day. Such swift transactions empower eCommerce merchants to promptly access the revenues they've earned, thereby bolstering their financial liquidity and operational agility.

NimbusPost is one of India’s leading tech-enabled gateways for online start-ups and entrepreneurs enabling quick and hassle-free shipping solutions with the widest delivery reach and 24x7 customer support. Headquartered in Gurugram, Haryana, and with a vast operational footprint spanning across more than 29,000 pin codes and facilitating over 2 million transactions daily, NimbusPost has emerged as the go-to solution for domestic and international shipping, and warehouse and fulfilment services. The company registered operating revenue of Rs 114 crore in FY23—more than doubling from Rs 54 crore earned in FY22, as per financial statements filed with the Ministry of Corporate Affairs.

Commenting on the partnership, Naveen Mathur, Chief Business Officer at NimbusPost said, “At NimbusPost, we're all about crafting solutions that meet our merchants' changing needs. Presently, several eCommerce merchants have to compromise on business expansion due to inadequate capital which eventually obstructs their growth. We aim to empower our clients by backing their business growth through financial stability. Partnering with Klub for instant settlements will be a game-changer as it will speed up COD settlements and boost merchant satisfaction. With over 1,00,000 merchants benefiting, Klub is the perfect fit for our journey ahead.”

Klub's plug-and-play financing solution for payment gateways, eCommerce & quick commerce marketplaces, and logistics platforms, provides a multi-product funding platform for merchants on these platforms ranging from Rs 20 lakhs to Rs 30 crores, tailored specifically for digital merchants. With a track record of serving over 650 brands and facilitating 1700+ investments, Klub empowers merchants with seamless access to credit, thereby fueling customer retention, elevating Gross Merchandise Value (GMV), and unlocking additional revenues through value-added capital products.

Anurakt Jain, co-founder and CEO at Klub said, “Our collaboration with NimbusPost showcases Klub's dedication to seamless, plug-and-play solutions. Rapidly integrating our platform into their customer journey, we've slashed settlement cycles to a mere 1 day. This pivotal partnership not only addresses critical challenges but also underscores Klub's position as a premier embedded platform, joining our roster of other strategic alliances within the fintech ecosystem.”

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