Recur Club raises $50 million from InfoEdge Ventures, others

Recur Club, a debt marketplace catering to startups and small and medium-sized enterprises (SMEs), has raised $50 million in a mix of equity and debt.

The company raised $8 million in equity funding, led by InfoEdge Ventures with participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve. 

The remaining $42 million comes as debt from financial institutions, including Incred, Ugro Capital, and Lighthouse Canton.

Read also- Japan-based UNLEASH Capital closes maiden Rs 300 crore fintech fund for India

The company will use the new funds to scale its team, enhance technology infrastructure, and expand into tier II and III cities. A major focus will be upgrading its AI-powered platform, including an ‘autopilot’ financing feature that enables startups and SMEs to access credit faster and more efficiently.

“We have created a platform called AICA (AI credit analyst), which instantly connects with all the data sources to create a financial and compliance report for a company,” said Abhinav Sherwal, cofounder and co-CEO.

The company says AICA’s co-pilots and lending agents can cut over 80% of the time spent on data collection and deal execution. Its platform has provided credit across sectors for cashflow and asset financing, working capital, invoice discounting, venture debt, acquisition financing, structured debt, and lease financing, serving over 2,000 companies so far.

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“By 2030, our ambition is to power 2% of India’s $1 trillion SME and startup debt market by making credit easily accessible’’, said Eklavya Gupta, founder and co-CEO.

“AI is transforming industries worldwide, but corporate lending in India has remained slow and relationship-based. Recur Club is changing that. By building a full-stack debt marketplace with AI at its core, they are making capital faster, smarter, and truly founder-first,” said Amit Behl, partner at Infoedge.

Since its launch in 2021, Recur Club has connected over 2,000 companies with more than 100 institutional lenders, offering 30+ customized debt products, including cashflow and asset financing, invoice discounting, venture debt, acquisition financing, structured debt, and lease financing.

The platform serves sectors such as SaaS, D2C brands, manufacturing, pharmaceuticals, agriculture, and solar energy. To date, Recur Club has facilitated debt sanctions exceeding ₹3,000 crore, supporting companies like MoveInSync, zypp, Sagar Asia, Kimbal, Captain Fresh and Palmonas.

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