According to revenue-based finance platform Klub, the Rs 200 crore debut fund Acelere8 has reached its final close. In December 2021, the first closing was announced.
The fund has invested in 33 growth-stage companies over the past six months, including, among others, BluSmart, Ben Franklin, Bewakoof, Furlenco, Smoor Chocolates, and The New Shop.
Anurakt Jain and Ishita Verma founded Klub in 2019, offering quick, flexible, and founder-friendly finance to digital firms at all stages (early, growth or late).
In addition to its fund, the platform collaborates with NBFCs, HNIs, and financial organisations to provide the capital. Klub asserts to have funded over 300 brands to date, with support from Sequoia Capital’s Surge, US-based Alter Global, and others.
“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,” Anurakt Jain, Co-founder and CEO at Klub, said in the official statement.
The fund makes investments in companies for a period of up to 24 months with capital ranging from Rs 5 lakh to Rs 30 crore.
Started as a passion project to now being India’s largest Revenue Based Financing investor, Klub is on a mission to provide fast, flexible & founder-friendly capital to digital businesses across stages (early, growth or late)
They are a team of fintech, investment banking, venture capital, and technology professionals, determined to create a seamless funding experience for founders, through technology & data.