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Sequoia’s Surge-backed Klub closes Rs 200 Cr maiden fund

Revenue-based financing platform Klub has closed its Rs 200 crore maiden fund. 

With the close of this fund, Klub aims to accelerate disbursements across growth-stage businesses during the festive season. Klub invests capital ranging from Rs 5 lakhs to Rs 30 crores in businesses for a tenure of 1-24 months. 

The SEBI registered Category II Alternative Investment Fund has closed the target fund-raise before the festive season. 

Klub claims that it has made 33 investments in growth-stage businesses such as BluSmart, Ben Franklin, Bewakoof, Furlenco, SMOOR Chocolates, and The New Shop among others in the last few months. 

The fund has also disbursed 30% of its total value and is looking to make more investments in the coming few months.

Klub provides digital businesses with fast and flexible capital without having to dilute equity. Since its inception, Klub claims to have funded over 300 brands in over 600 investment rounds. 

The fund’s advisory council also includes InMobi Group’s CEO Naveen Tewari, Meesho’s founder Vidit Aatrey, and 9Unicorn’s co-founder Apoorva Ranjan Sharma. 

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