Revenue-based Financing Platform Klub announced final close of its first fund, Aceler8 at INR 200 crore, following its first close in December 2021. Klub aims to accelerate payouts across growth-stage businesses during the festive season using this Category-II AIF.
With ticket size of INR 5 Lakhs to INR 30 crore, Klub provides finance for 24 months period. It has so far deployed 30% of the fund through 33 investments in growth-stage businesses such as BluSmart, Ben Franklin, Bewakoof, Furlenco, Smoor Chocolates and The New Shop, among others.
Founded in 2019, Klub provides digital businesses with flexible capital without diluting equity. It provides liquidity for recurring marketing, inventory and capital expenditures (capex), focusing on companies across the e-commerce, direct-to-consumer and edtech domains.
Anurakt Jain, Co-founder and CEO at Klub, said, “Revenue-based funding is a perfect fit for the capital needs of businesses this festive season. This festive season, we will be scaling up our investments in small businesses as well as unicorns two-fold (2x) through our RBF fund over the next six months.”
Mitesh Shah, Founder and CEO at 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.”
Its competitors include other revenue-based financial platforms such as GetVantage, which has invested in consumer businesses including Rage Coffee, Magic Crate and AutoBrix.
The fund’s advisory board includes startup founders including – Naveen Tewari, Founder and Chief Executive Officer (CEO), InMobi Group, Vidit Aatrey, Co-Founder and CEO, Meesho, and Dr Apoorva Ranjan Sharma, Co-Founder, 9Unicorns.
Since its foundation, the Klub has financed over 300 brands in 600 investment rounds. It is backed by companies such as Antler Global, Japan-based GMO Venture Partners, 9Unicorns and Sequoia Capital’s India Surge accelerator program.