Klub, a revenue-based financing platform, has announced the final close of its Rs 200 crore maiden fund Acelere8. 

As per the platform, it will accelerate disbursement across growth-stage businesses during the festive season from the fund. The fund has already deployed nearly 30% of its corpus.

Klub | Acelere8

Founded in 2019 by Anurakt Jain and Ishita Verma, Klub is a revenue-based financing platform that offers flexible capital to digital businesses and SMEs. It utilizes financial innovation, community engagement and deep data-driven analytics to provide growth capital to businesses across sectors.

Speaking about the development, Anurakt Jain, Co-founder and CEO at Klub, said, 

“Revenue-based financing fits perfectly with 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 partners with NBFCs, HNIs, and financial institutions apart from its fund to offer the capital. Through its fund, Klub invests capital ranging from Rs 5 lakh to Rs 30 crore in businesses for a period of up to 24 months. 

The revenue-based financing platform has made 33 investments across growth-stage businesses over the last few months, including Bewakoof, Furlenco, BluSmart, Ben Franklin, and SMOOR Chocolates, among others. 

Commenting on the development, 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.”

In December 2021, Klub raised an undisclosed amount in a debt financing round from Northern Arc Capital.

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