Total amount raised
$70.1 Millions
Latest funding date
06/01/2022
Location
10club has successfully raised funds through a Series A round, attracting the support of 11 investors, including Secocha Ventures and Olive Tree Capital. The company focuses on acquiring, operating, and growing e-commerce businesses.
Keep reading to explore the intricacies of 10club's fundraising journey and the investors backing this innovative platform.
What Is 10club?
10club, founded in 2020, is based in Bangalore, Karnataka, India. The company specializes in acquiring, operating, and growing e-commerce businesses, focusing on scaling small brands that sell on platforms like Amazon, Flipkart, and Nykaa.
10club was co-founded by Bhavna Suresh Chatambeth and Deepak Nair. The company helps entrepreneurs exit and benefit from their years of hard work by taking over and expanding their e-commerce brands.
Currently, 10club employs between 11-50 people, working diligently to grow the acquired brands and ensure their success in the competitive e-commerce market.
How Much Funding Has 10club Raised?
- Seed Round
- Amount Raised: $50K
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial acquisitions.
- Seed Round
- Amount Raised: $40M
- Date: June 2021
- Lead Investors: Fireside Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the portfolio of acquired e-commerce businesses and scale operations.
- Series A
- Amount Raised: $30M
- Date: June 2022
- Lead Investors: Olive Tree Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the business and enhance technological capabilities.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and manage cash flow.
Total Amount Raised: $70.05M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in 10club are:
- Olive Tree Capital
- Details: Olive Tree Capital is a prominent investment firm known for its strategic investments in high-growth companies. They have a strong focus on supporting businesses in their scaling phases.
- Investment Focus Areas: Technology, Consumer Goods, E-Commerce
- Notable Investments: 10club
- Fireside Ventures
- Details: Fireside Ventures is an early-stage venture fund that invests in consumer brands. They are known for their hands-on approach in helping startups grow.
- Investment Focus Areas: Consumer Brands, Health & Wellness, Food & Beverage
- Notable Investments: 10club
Information about other major investors was not found in the provided sources.
What's Next for 10club?
10club stands at the cusp of significant growth opportunities, particularly in the burgeoning e-commerce sector. With the increasing shift towards online shopping, the company is well-positioned to capitalize on this trend by acquiring and scaling small brands on major platforms like Amazon and Flipkart.
Future fundraising efforts could be bolstered by the company's proven track record and the vast potential of the e-commerce market. Investors are likely to be attracted by the scalability and profitability of 10club's business model, paving the way for additional rounds of funding to fuel further expansion.
However, challenges such as navigating rapid technological advancements and maintaining competitiveness in a dynamic market could pose hurdles. Staying ahead of industry trends and continuously innovating will be crucial for 10club to sustain its growth trajectory.
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