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.
