Recur Club
Overview
Recur Club, founded in 2021 by Eklavya Gupta and Abhinav Sherwal, is a fintech company based in New Delhi, India. It operates as a debt marketplace focused on providing scalable financial solutions to startups and small to medium enterprises (SMEs). Recur Club's primary service offering includes rapid debt financing, leveraging tech-enabled underwriting processes to ensure businesses can access funding swiftly and efficiently. The company has raised capital from investors such as InfoEdge Ventures, Village Global, and Titan Capital.
Recent Developments
- January 2025: Recur Club announced the launch of a Rs 150 crore fund specifically to boost the growth of direct-to-consumer (D2C) brands within the quick commerce sector. This fund aims to provide working capital and growth funding, supporting businesses in managing inventory and marketing efforts. Entrepreneur
- 2024: Recur Club, in collaboration with InCred, provided Rs 300 crore in funding to early and mid-stage startups, ensuring access to capital for sectors like SaaS, tech services, B2B marketplaces, D2C, and logistics. This initiative supports Recur Club's mission to democratize financial access for budding entrepreneurs. The Hindu
- February 2024: CEO Eklavya Gupta elaborated in an interview on the substantial Rs 2,000 crore allocation planned for deployment in 2024, signaling aggressive expansion and support for SMEs in India. Entrackr
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | New Delhi, India |
| Founders | Eklavya Gupta, Abhinav Sherwal |
| Key Investors | InfoEdge Ventures, Village Global, Titan Capital |
| Industry | Fintech, Debt Marketplace |
| Number of Employees | Over 100 employees |
| Notable Products/Services | Debt financing for startups and SMEs |
Early History
Recur Club was established to fill the gap in the financial ecosystem for startups and SMEs seeking non-dilutive capital options. The founders, Eklavya Gupta and Abhinav Sherwal, both experienced in finance and entrepreneurship, identified a growing demand for accessible debt financing. From its inception in 2021, the company quickly gained traction by simplifying and expediting the loan process through digital solutions. Within the first year, Recur Club successfully deployed significant funds across various sectors, rapidly establishing itself as a key player in India's fintech space.
Company Profile and Achievements
Recur Club's business model is centered around providing fast and flexible debt solutions without requiring equity dilution, thus allowing businesses to maintain ownership and operational control. The company has achieved several milestones since its launch, including:
- Implementing a tech-enabled platform that offers loans up to Rs 100 crore, with a typical disbursal process completed in under 48 hours.
- Developing products like Recur Scale and Recur Swift, tailored for startups and SMEs with varying financial needs and revenue scales.
- Disbursing over Rs 500 crore specifically to D2C businesses, emphasizing their integral role in the Indian market's growth.
- Collaborating with major investors to fund and support innovative business models and technologies.
Current Operations and Market Position
Recur Club currently serves as a robust platform for financial entities seeking quick debt solutions, primarily catering to tech-driven and high-growth startups. Its market position is strengthened through strategic alliances with financial partners and investors who share its vision for enabling entrepreneurial growth. Recur Club's technological sophistication in assessing financial health quickly gives it a competitive edge, allowing it to serve a wide spectrum of industries with tailored financial products.
Conclusion
Recur Club stands out in the fintech industry as a pioneering debt marketplace offering rapid and scalable financing to startups and SMEs. Its commitment to fueling business growth aligns with the broader trends of digital transformation and financial inclusion in India. As the company continues to expand through innovative funding solutions and strategic partnerships, it is poised to significantly impact the financial landscape for small to medium enterprises, ultimately contributing to the country's economic development.
References
- Entrepreneur
- The Hindu
- Entrackr