Singapore and India-based revenue-based financing firm, Klub, has raised over $25 million for its Category II Alternative Investment Fund, to invest in growth stage businesses during the festive season.
- The Fund is investing between $6 thousand to $3 million in startups for up 24 months in tenure. The financing platform is deploying capital for recurring marketing, inventory, and capital expenditure in startups across e-commerce, direct-to-consumer (D2C), and edtech. Revenue-based financing allows investors to share a percentage of the startup's revenues in exchange for capital.
- The Fund has invested in 33 growth-stage startups including BluSmart, Ben Franklin, Bewakoof, Furlenco, Smoor Chocolates, and The New Shop among others in its portfolio.
- Founded in 2019, Klub provides tech startups with flexible capital that requires no equity dilution or personal guarantees. 25% of its portfolio are women-led brands, with over 2,500 businesses signed up on the financing platform, the investment firm claims.
- 30% of the raised fund has been disbursed according to the firm and it looks to further invest in digital businesses going forward. The firm aims to double its investment in startups for the festive season to enable them to access capital for businesses. It has invested in over 300 brands since its launch with funding from its investors such as GMO Venture Partners, 9Unicorns, Antler Global, Sequoia Capital India, and Surge.