Klub, India’s leading Revenue Based Financing (RBF) platform, announced the first close of its new fund, Aceler8, to invest ₹200 crores in consumer and SaaS businesses.
Klub’s Aceler8, a SEBI registered Category II Alternative Investment Fund caters to growth-stage and late-stage D2C brands, recurring-revenue digital businesses, and SaaS companies. The fund can invest capital ranging from ₹50 lakhs to ₹20 crores to digital businesses for their marketing, inventory, and CAPEX spends.
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Aceler8 is a community-backed fund with celebrities, family offices, international investors & tech founders coming together to support loved brands. The Fund’s Advisory Council includes unicorn founders like Naveen Tiwari, Founder & CEO, InMobi Group, and Vidit Aatrey, Co-Founder & CEO, Meesho. Dr. Apoorva Ranjan Sharma, Co-Founder, 9Unicorns, Mitesh Shah, Founder & CEO, Credence Family Office, and Ajay Candade, ex-Director KKR are also a part of the Advisory Council.
Anurakt Jain, Co-Founder & CEO, Klub said, “Klub is a tech-data platform enabling frictionless capital. Our Revenue Based Financing Fund, Aceler8, is a disruptive addition to our platform in-line with our mission to provide fast, flexible and scalable capital. Klub’s RBF is designed to be complementary to other capital sources for growing digital businesses.”
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Klub has facilitated more than 250 investments in digital businesses so far and has a community of more than 5000 patrons investors. The company raised $20 million in one of the largest seed rounds and grew 20x this year.
The D2C segment in India is expected to grow at a CAGR of 25% from $44.6 billion in FY21 to $100 billion by FY25. Despite this growth, access to capital remains out of reach for most digital businesses. To solve this across digital businesses of all sizes Klub offers fast & flexible growth capital to digital businesses across all stages (early-stage, growth-stage & late stage).
A leading D2C apparel brand for millennials and India’s largest on-demand private driver service provider are among the first 5 companies to raise capital through Aceler8, Klub’s Revenue Based Financing Fund. The platform’s tech-data approach enables businesses to raise capital within 5 days through seamless integration with their existing data sources. The fund aims to turbocharge growth for nearly 50 growth-stage and late-stage digital businesses.
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