Total amount raised
$34.8 Millions
Latest funding date
01/01/2024
Location
Klub has successfully raised significant funds through various rounds, including a $20 million funding round and ₹20 crores in debt from Trifecta Capital. The company also raised ₹200 crores for its revenue-based fund Aceler8, showcasing its robust financial backing.
Keep reading to explore the intricacies of Klub's fundraising journey and the investors backing this innovative platform.
What Is Klub?
Klub, founded in 2019 by Anurakt Jain and Ishita Verma, is a fintech company based in Singapore. The company specializes in providing growth financing to high-affinity brands through financial innovation, community engagement, and data-driven analytics.
With a team of 101-250 employees, Klub offers a platform that delivers fast, founder-friendly, and flexible funding solutions without equity dilution. Their services cater to various sectors, providing growth capital for marketing, inventory, and asset financing.
Klub's unique approach allows them to offer multiple rounds of funding, ensuring that businesses can scale effectively. Their data-led decisions and flexible repayment options make them a preferred choice for many startups and high-growth companies.
How Much Funding Has Klub Raised?
- Pre-Seed Round
- Amount Raised: $2M
- Date: January 2020
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of Klub's platform.
- Seed Round
- Amount Raised: $20M
- Date: August 2021
- Lead Investors: 100Unicorns, Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support significant growth and expansion efforts.
- Debt Financing
- Amount Raised: ₹750M
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide flexible growth capital for e-commerce merchants.
- Debt Financing
- Amount Raised: ₹200M
- Date: September 2021
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Klub's embedded financing offering for e-commerce merchants.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Northern Arc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Klub's embedded financing offering for e-commerce merchants.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further growth and expansion.
Total Amount Raised: $22M + ₹950M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Klub include Northern Arc Capital, Trifecta Capital, 9Unicorns, Sequoia Capital India’s Surge, and Alter Global. Here are the details for each:
- Northern Arc Capital
- Details: Northern Arc Capital is a debt-financing platform that has invested in various financing companies. It is preparing for an IPO to raise up to ₹300 crore.
- Investment Focus Areas: Financing companies, consumer lending fintech startups, two-wheeler-focused financing units, digital commerce.
- Notable Investments: Credit Fair, Berar Finance, BharatPe.
- Trifecta Capital
- Details: Trifecta Capital is a venture debt firm that provides growth-stage companies with flexible financing solutions. They have a strong focus on supporting high-growth startups in India.
- Investment Focus Areas: Growth-stage companies, technology, consumer products.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
- 9Unicorns
- Details: 9Unicorns is an early-stage accelerator fund that invests in startups across various sectors. They provide seed funding and mentorship to help startups scale.
- Investment Focus Areas: Early-stage startups, technology, healthcare, fintech.
- Notable Investments: Klub, Fynd, Beardo.
- Sequoia Capital India’s Surge
- Details: Surge is a rapid scale-up program by Sequoia Capital India, designed to supercharge early-stage startups. They provide funding, mentorship, and resources to help startups grow quickly.
- Investment Focus Areas: High-growth startups, technology, consumer internet, healthcare.
- Notable Investments: Klub, Khatabook, Doubtnut.
- Alter Global
- Details: Alter Global is a venture capital firm that invests in high-impact startups in emerging markets. They focus on companies that have the potential to create significant social and economic impact.
- Investment Focus Areas: High-impact startups, emerging markets, technology, social impact.
- Notable Investments: Klub, Kueski, KoinWorks.
Disclosed Valuation Status: Not publicly disclosed
What's Next for Klub?
Klub is poised to capitalize on the burgeoning digital D2C/e-commerce ecosystem in India, projected to be worth over $100 billion by 2025. By scaling its embedded financing offerings, Klub aims to provide flexible growth capital to over 200,000 SMEs, partnering with leading e-commerce platforms to ensure seamless access to funds.
Future fundraising opportunities are likely, given the significant market potential and Klub's recent successful rounds. The company may attract further investments from both debt and equity markets, leveraging partnerships with financial institutions like Northern Arc Capital to support continued growth and expansion.
However, Klub faces challenges in managing the risks associated with providing growth capital to a diverse range of merchants and ensuring timely access to funds for a large number of SMEs. Maintaining strong partnerships and scaling operations effectively will be crucial for sustaining its rapid growth.
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