- Briefing Your roundup of Asian tech and startup news that matter
Kul Bhushan · · 1 min readIndian revenue-based financing firm backed by Sequoia nets $20m in seed round
Klub, a fintech startup based in India and Singapore, has raised US$20 million in its latest round of funding.
More funding details
- Investors: 9Unicorns and Sequoia Capital’s Surge
- New investors: Alter Global and GMO Venture Partners
- Stage: Seed round
More company updates
- Launched in 2019, Klub is a revenue-based financing platform that offers capital ranging from 200,000 rupees (US$2,600) to 300 million rupees (US$4 million).
- The company said it provides financing for various purposes, including inventory management and recurring marketing. It serves digital firms as well as small and medium-sized enterprises in the ecommerce, direct-to-consumer, education tech, and software-as-a-service sectors.
- In January 2020, Klub raised US$2 million in a pre-seed funding round from Sequoia Capital’s Surge, EMVC Fintech Fund, Better Capital, Tracxn Labs, and 9Unicorns, among others.
Currency converted from Indian rupee to US dollar: US$1 = 74.32 rupees.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
