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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Klub||Bengaluru||2.7 million||Debt||Trifecta Capital||-||Financial Services||Fintech|
|Cars24||Gurugram||450 million||Series F||DST Global, Falcon Edge, SoftBank Vision Fund 2||Tencent, Moore Strategic Ventures, Exor Seeds||Automobiles Other Vehicles & Parts||E-commerce|
|FloBiz||Bengaluru||31 million||Series B||Sequoia Capital India, Think Investments, Elevation Capital and Beenext||Vijay Shekhar Sharma, Kunal Shah, Jiten Gupta, Amrish, Nitin Gupta, Ankit Tomar, Sayali Karanjkar, Krishnan Menon, 9Unicorns, Whiteboard Capital||Software||Fintech|
|Bluepad||Bengaluru||245,000||Pre-Seed||Titan Capital, AngelList's syndicate||-||Internet||Social Media|
|Bright Money||Bengaluru||31 million||Series A||Sequoia Capital India, Falcon Edge Capital, Hummingbird Ventures||Naveen Tewari, Abhay Singhal, Kunal Shah, Jitendra Gupta, Gunjan Soni, Pradeep Parameswaran, Ram Shriram||Financial Services||FinTech|
|Pine Labs||Noida||100 million||Private Equity||Invesco Developing Markets Fund||-||Financial Services||FinTech|
|Bidgely||Bengaluru||26 million||-||Moore Strategic Ventures||Accurant International, Future Energy Ventures, Georgian, Constellation Technology Ventures||Power & Utilities||AI and Machine Learning|
|4Fin||Pune||1.1 million||Pre-Seed||Curesense Therapeutics||-||Financial Services||FinTech|
|Paytail||Delhi||1.5 million||Seed||Cholamandalam||-||Financial Services||FinTech|
|Genext Students||Mumbai||-||Equity||Navneet Education Ltd||-||Education/Training||EdTech|
|Fabriclore||Jaipur||11 million||-||Fluid Ventures||-||Retail||E-commerce|
|Namdev Finvest||Jaipur||4.7 million||Series A||Incofin Investment Management (India Progress Fund)||-||Financial Services||Fintech Lending|
|Fibroheal Woundcare||Bengaluru||-||-||Karnataka Information Technology Venture Capital Fund||-||Pharmaceuticals||HealthTech|
|Mindler||Delhi||1.5 million||Pre-Series A||Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore, Chennai Angels||-||Education/Training||EdTech|
|Tummoc||Bengaluru||540,000||Seed||Vineet Singh, Krishna D, Amazon, Deependra Bisht , Alan Aim||-||Information Services||Ridesharing/Transport|
|inai||US||4 million||Seed||Paua Ventures, 9Unicorns||Uncommon Capital, Soma Capital, Anarko ventures, Better Capital, Gemba Capital, Sriram Krishnan, Lenny Rachitsky, Matt Robinson, Louis Beryl, Charlie Delingpole, Naren Shaam, Kunal Shah||Financial Services||Fintech|