Klub, a Sequoia Capital-backed revenue-based financing platform, announced the closure of its Rs 200 crore maiden fund on Monday. In a prepared statement, Klub, a Sebi-registered Category II Alternative Investment Fund, said it aims to accelerate disbursements across growth-stage businesses during the holiday season.
The fund has made 33 investments in growth businesses in the last few months, including BluSmart, Ben Franklin, Bewakoof, Furlenco, Smoor Chocolates, and The New Shop.
Klub, founded in 2019, provides digital businesses flexible capital without requiring equity dilution. It provides liquidity for recurring marketing, inventory, and capital expenditure (capex), focusing on e-commerce, direct-to-consumer, and edtech companies.
The fund has disbursed 30% of its total corpus and is looking to make more investments in the coming few months.
Klub invests anywhere between Rs 5 lakh to Rs 30 crore in businesses for a tenure of up to 24 months.
“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 two-fold (2x) through our RBF Fund over the next six months,” said Anurakt Jain, co-founder and chief executive officer (CEO) at Klub.
The fund’s advisory council includes startup founders such as Naveen Tewari, founder, and CEO of InMobi Group, Vidit Aatrey, co-founder and CEO of Meesho, and Dr Apoorva Ranjan Sharma, co-founder of 9Unicorns.
Klub has funded over 300 brands through 600 investment rounds since its inception. It has the backing of Antler Global, Japan-based GMO Venture Partners, 9Unicorns, and Sequoia Capital India’s Surge accelerator program.
Other revenue-based financing platforms, such as GetVantage, have invested in consumer businesses such as Rage Coffee, Magic Crate, and AutoBrix.