Sequoia-Backed Klub Closes Its INR 200 Cr Maiden Fund

Klub, India’s leading Revenue Based Financing platform, today announced that it has closed its Rs 200 crore maiden fund. The SEBI registered Category II Alternative Investment Fund has closed its target fund-raise successfully before the festive season.

In the last few months, the fund has made 33 investments in growth-stage businesses such as BluSmart, Ben Franklin, Bewakoof, Furlenco, SMOOR Chocolates, and The New Shop among others. The fund has disbursed 30 per cent of its total value and is looking to make more investments in the coming few months.

"The fund has witnessed participation from marquee domestic and international institutional investors, family offices, and HNIs contributing to its success. From the demand side, we have invested across the spectrum in local early-stage businesses to unicorns and pre-IPO companies.," said Anurakt Jain, Co-founder and CEO, Klub. 

Klub’s strategic partners, including Credence Family Office, played a pivotal role in closing this fund. Mitesh Shah, Founder and CEO, 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.” Credence is a true-to-label multi-family office services provider that caters to the financial needs of a niche set of clientele globally with offices in Bangalore, Mumbai, Chennai and New Delhi. 

"Klub’s strategic partners, including Credence Family Office, played a pivotal role in closing this fund. The fund’s Advisory Council also includes industry leaders like Naveen Tewari, Founder and CEO, InMobi Group, Vidit Aatrey, Co-Founder and CEO, Meesho, and Apoorva Ranjan Sharma, Co-Founder, 9Unicorns. We are glad to successfully close the fund right at the start of the festive season to work with many more businesses," Anurakt Jain, Co-founder and CEO, Klub further states.

With the close of this fund, Klub aims to accelerate disbursements across growth-stage businesses during the festive season. Klub invests capital ranging from ₹5 lacs to ₹30 crores in businesses for a tenure of 1-24 months. Anurakt Jain, Co-founder and CEO at Klub said, “Revenue Based Financing fits perfectly for 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.