Trifecta leads funding in Klub and 15 more India deal updates

Venture debt fund Trifecta Capital has invested about $2.7 million in revenue-based financing platform Klub, per an announcement on Monday.

The financing will help Klub scale its technology, product and assets under management.

“The COVID-19 pandemic has made clear that, as an ecosystem, it is important that startups have a range of financing solutions available to them, besides equity financing. Revenue-based financing has shown its merit in markets outside India. And, the increasing number of consumer brands and SMEs opting for the digital route in India has opened up immense growth opportunities for revenue-based financing here as well,” said Trifecta Capital managing partner Rahul Khanna.

Klub provides capital for repeat high ROI spends like marketing, inventory and capital expenditure for digital-first brands across direct-to-consumer and online marketplaces. It recently announced the closure of its $20-million seed round, which included venture debt from Trifecta Capital.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from September 16-20, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
KlubBengaluru2.7 millionDebtTrifecta Capital-Financial ServicesFintech
Cars24Gurugram450 millionSeries FDST Global, Falcon Edge, SoftBank Vision Fund 2Tencent, Moore Strategic Ventures, Exor SeedsAutomobiles Other Vehicles & PartsE-commerce
FloBizBengaluru31 millionSeries BSequoia Capital India, Think Investments, Elevation Capital and BeenextVijay Shekhar Sharma, Kunal Shah, Jiten Gupta, Amrish, Nitin Gupta, Ankit Tomar, Sayali Karanjkar, Krishnan Menon, 9Unicorns, Whiteboard CapitalSoftwareFintech
BluepadBengaluru245,000Pre-Seed Titan Capital, AngelList's syndicate-InternetSocial Media
Bright MoneyBengaluru31 millionSeries ASequoia Capital India, Falcon Edge Capital, Hummingbird VenturesNaveen Tewari, Abhay Singhal, Kunal Shah, Jitendra Gupta, Gunjan Soni, Pradeep Parameswaran, Ram ShriramFinancial ServicesFinTech
Pine LabsNoida100 millionPrivate EquityInvesco Developing Markets Fund-Financial ServicesFinTech
BidgelyBengaluru26 million-Moore Strategic VenturesAccurant International, Future Energy Ventures, Georgian, Constellation Technology VenturesPower & UtilitiesAI and Machine Learning
4FinPune1.1 millionPre-SeedCuresense Therapeutics-Financial ServicesFinTech
PaytailDelhi1.5 millionSeedCholamandalam-Financial ServicesFinTech
Genext StudentsMumbai-EquityNavneet Education Ltd-Education/TrainingEdTech
Fabriclore Jaipur11 million-Fluid Ventures-RetailE-commerce
Namdev FinvestJaipur4.7 millionSeries AIncofin Investment Management (India Progress Fund) -Financial ServicesFintech Lending
Fibroheal WoundcareBengaluru--Karnataka Information Technology Venture Capital Fund-PharmaceuticalsHealthTech
MindlerDelhi1.5 millionPre-Series AEcosystem Ventures, Inflection Point Ventures, nVentures Singapore, Chennai Angels-Education/TrainingEdTech
TummocBengaluru540,000SeedVineet Singh, Krishna D, Amazon, Deependra Bisht , Alan Aim-Information ServicesRidesharing/Transport
inaiUS4 millionSeedPaua Ventures, 9UnicornsUncommon Capital, Soma Capital, Anarko ventures, Better Capital, Gemba Capital, Sriram Krishnan, Lenny Rachitsky, Matt Robinson, Louis Beryl, Charlie Delingpole, Naren Shaam, Kunal ShahFinancial ServicesFintech

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.