Klub raises $20mm in one of the largest seed funding rounds in India

EMVC potfolio company Klub, which provides digital revenue based financing to Asia’s much-loved D2C brands, raised $20mm in its seed funding round (mix of equity and debt) from Sequoia Surge, Antler Global, 9 Unicorns, GMO Venture Partners and others.

Over 500 businesses have explored funding on Klub’s platform and it now plans to deploy ~$68mm in D2C brands as well as digital small businesses over the next few quarters.

Reaffirming Klub’s vision to enable digital commerce in Asia, founder Anurakt Jain said, “The digital revolution in India has levelled the playing field for local businesses, and we are thrilled to have a front-row seat in this multi-trillion-dollar opportunity…India’s digital commerce ecosystem requires more than ‘one-size-fits-all’ financing, and with this round, we can further our mission of enabling growth for loved brands,”

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