Klub Raises Rs 20 Cr In Debt From Trifecta Capital
Klub, a Revenue-based financing platform, has raised Rs 20 Cr in debt financing from Trifecta Capital, India’s leading venture debt fund.
The financing will help Klub scale its product, technology, and assets under management and serve as a partnership opportunity for both companies to collaborate on various ways to support digital-first companies, as per the official statement.
Klub | Flexible Growth Capital For Brands
Launched by Anurakt Jain and Ishita Verma, Klub is a revenue-based financing platform that utilizes financial innovation, community engagement and deep data-driven analytics to provide growth capital to entrepreneurs across sectors. The investment platform has enabled flexible capital in 100+ companies in the online, D2C, and omnichannel consumer ecosystems.
Talking about the financing round, Anurakt Jain, Co-founder and CEO of Klub, said,
“We have always believed that high-growth companies will utilise multiple forms of complementary financing. The investment partnership with Trifecta is not only an endorsement of Klub’s platform but also a testament to our complementary nature. We are elated to be backed by pioneers with a deep understanding of the ecosystem in our mission to provide growth capital to digital-first companies.”
Both Klub and Trifecta have operational synergies as they believe in enabling companies to raise complementary capital. Venture debt fund Trifecta provides venture debt to growth-stage startups typically in conjunction with equity. Klub provides capital for repeat high ROI spends like inventory, marketing, capex etc., for digital-first brands across D2C and online marketplaces.
What Is Revenue-based Growth Capital?
Revenue-based growth capital (RBGC) is an alternative method of raising capital for entrepreneurs. As part of this financing, investors receive a percentage share of the ongoing monthly gross revenue of the businesses they invest in.
This form of investment is becoming quite popular among the stakeholders. In January 2021, early-stage investment firm LetsVenture announced the launch of its revenue-based growth capital firm N+1 Capital.
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