Klub is a prominent fintech company based in Bengaluru, India, specializing in revenue-based financing for digital businesses. Founded in 2019 by Anurakt Jain and Ishita Verma, Klub has raised approximately $22 million in capital from investors such as Peak XV's Surge and Trifecta Capital. Klub operates with the vision of providing flexible and non-dilutive capital solutions to e-commerce and digital-first brands, utilizing a data-driven approach.
Attribute | Information |
---|---|
Founding Date | 2019 |
Headquarters | Bengaluru, India |
Founders | Anurakt Jain, Ishita Verma |
Revenue | ₹31 crore in FY24 |
Profits | Loss of ₹4 crore in FY24 |
Key Investors | Peak XV's Surge, Trifecta Capital, Northern Arc Capital, Alter Global, GMO Venture Partners |
Industry | Fintech |
Number of Employees | Approximately 45 as of November 2024 |
Klub was founded on the premise of providing an alternative financing model that empowers digital-first companies in India. The company initially launched its platform offering revenue-based financing, which allows brands to repay via a percentage of their revenue. This model is particularly attractive to businesses seeking growth capital without equity dilution or rigid loan agreements. Early success was marked by substantial seed funding, including a notable $10 million round in 2021 backed by a consortium of fintech investors.
Klub is currently a leader in the revenue-based financing niche in India, empowering a wide array of digital brands to scale efficiently. By offering tailor-made financing solutions based on data analytics, Klub enables businesses to manage their cash flows better, especially during peak sales periods like festive seasons. Its focus on sectors with tangible consumer demand, such as e-commerce and cloud kitchens, ensures that Klub maintains a competitive edge over traditional lending solutions.
Anurakt Jain, co-founder and CEO, plays a pivotal role in defining Klub's strategic direction. Alongside Ishita Verma, the founders have brought together a team of seasoned finance and technology professionals, forming the backbone of Klub's innovative approach.
Klub is known for its competitive compensation packages within India's fintech space, often aligning rewards with performance metrics and company growth milestones. The company's approach to salary and benefits emphasizes retaining top talent amidst the competitive digital finance landscape.
Klub has positioned itself as a pivotal entity in India's fintech ecosystem, catering to thousands of digital-first businesses with its flexible, revenue-based financing model. As it navigates challenges in scaling and diversifying its operations, Klub's strategic focus on technology and partnership-driven growth poises it for sustained influence in empowering SMEs. Looking forward, Klub's continued expansion into international markets and its resilience in financial innovation underscore its potential to further impact the global revenue-based financing sector.