India’s leading venture debt fund, Trifecta Capital has infused INR 20 crores in debt financing in Revenue Based Financing platform, Klub.
“The financing will help Klub scale its technology, product, and assets under management, and serve as a partnership opportunity for both companies to collaborate on various ways to support digital-first companies,” the statement said.
Trifecta’s investment in Klub has a multi-pronged thesis.
Speaking on the fundraise, Anurakt Jain, Co-founder & CEO of Klub said, “We have always believed that high-growth companies will utilize multiple forms of complementary financing. The investment partnership with Trifecta is not only an endorsement of Klub’s platform but also a testament to our complimentary nature. We are elated to be backed by pioneers with a deep understanding of the ecosystem in our mission to provide growth capital to digital-first companies.”
Commenting on the funding, Rahul Khanna, Managing Partner, Trifecta Capital said, “Trifecta was born to reduce the major gap in the debt financing ecosystem in India. Our investment in Klub, which is India’s leading Revenue Based Financing platform, is an extension of the same thesis. Klub’s programmatic lending approach allows Trifecta to increase its reach to companies that are looking to raise debt for financing growth.”
“The COVID-19 pandemic has made clear that, as an ecosystem, startups must 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”, Rahul further added.