🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Pods
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Log In
News on Medial
Recur Club plans to deploy Rs 2,000 Cr in 2024: Interview with Eklavya Gupta
Entrackr
·
1y
Revenue-based financing as an alternative source of working capital is gradually receiving wide acceptability, especially among growth-stage startups. The relevance of such alternative funding sources is now far more pertinent considering the so-called funding winter wherein chances of startups scoring equity capital are slim. In recent years, several revenue-centered financing platforms have emerged with Getvantage, Velocity, and Klub being some of the notable names. Gurugram-based Recur Club has also emerged as a notable player in the space with an allocation of Rs 1,100 crore across 500 startups in 2023. The company is now looking to expand its reach in the startup ecosystem. The roadmap includes onboarding a higher number of startups as well as more investment deployment. To better understand Recur Club’s business, growth and projections, Entrackr caught up with its co-founder and chief executive officer Eklavya Gupta. Recur has backed startups like Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and others. In July last year, the platform launched a $10 million fund to back startups actively working towards a greener and more sustainable future. Recur Club isn’t looking to raise any fresh capital at the moment. “We are well capitalized and not looking to raise any money in the near future. Our priority is to onboard 500 – 700 startups this year and deploy Rs 2,000 crore through its platform,” Gupta said. Gupta disclosed that nearly half of the company’s deals are in SaaS and tech sectors, whereas the remaining is deployed towards commerce and logistics. The investment pattern is pretty similar to other revenue-based financing platforms’. Recur Club offers credit in the range of Rs 20 lakh to Rs 35 crore which yields an IRR (internal rate of return) of anywhere between 15% and 19%. While large borrowers typically pay back the loan amount in 12 to 18 months, short-term loans are required to be paid between 50-90 days. Recur Club connects startups with over 50 prominent lenders, including Tata Capital, HSBC, Aditya Birla Capital, INCRED, Ugro Capital, and various other NBFCs, banks, and institutional capital providers. According to Gupta, Recur Club assesses leads on three core premises: average revenue run rate (ARR) of at least Rs 1 crore, six months runway and positive revenue growth. Recur Club makes money by charging a small percentage from both ends: borrowers and lenders. “Depending on the type of investors and companies, we charge 0.5% to 3%,” added Gupta.
9
View Source
Comments
See More Comments
More Like this
Community platform Hack2Skill raises $1 Mn in debt and equity
Recur Club launches debt offerings for startups beyond Series A and SMEs
Recur Club launches Rs 150 Cr fund for D2C brands on QCP
InfoEdge Ventures-backed Recur Club launches $17 mn platform for D2C brands
Kreedo secures Rs 10 Cr debt funding from Recur Club
Technodysis secures Rs 10 Cr in debt from Recur Club
CollegeDekho secures Rs 40 Cr debt funding from Recur Club
Recur Club disburses Rs 1000 Crore in debt capital to tech and logistics sectors
Community startup Hack2Skill raises $1M in debt and equity
Insurtech startup Square Insurance raises $1M led by Recur Club
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
March 2025
DigiMitraX
Govt Forms Made Easy—No More Cyber Cafe Hassles!
ChampArena
Har Ghar Milega CHAMP
Flique
Agentic AI News Platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now