Revenue based financing platform, Klub, has raised $20 million as a part of its new funding from investors US-based Alter Global and Japan-based GMO VenturePartners. The two-year old startup provides flexible growth capital to businesses, ranging from ₹2 lakhs to ₹30 crore with zero equity dilution or personal guarantees. Klub provides funding for used-cases including recurring marketing, inventory, and capital expenditure (capex). Earlier in January, this year, the company had raised $2 million as a part of its pre-seed round led by Surge along with other angel investors. Klub competes with Mumbai-based revenue financing platform GetVantage, which recently raised $5 million, through equity and debt, as a part of its seed funding led by Chiratae Ventures.

Source: Mint August 17, 2021 15:56 UTC