🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

There’s a Reason a Killer Money-Saving App Still Doesn’t Exist

LivemintLivemint · 2y ago
There’s a Reason a Killer Money-Saving App Still Doesn’t Exist
Medial

Budgeting apps like Mint have faced challenges in monetizing their services, leading to their eventual closure. Most people are not interested in budgeting assistance and are unwilling to pay for it. Mint customers will need to either pay for a competing service or resort to using spreadsheets or pen and paper to manage their finances. The difficulty lies in engaging people who are unmotivated to think about their money. Mint attempted to transform the drudgery of money management into an engaging experience, but many users found its categorization system frustrating. The app made money through referral fees but struggled to reach the right target audience. Banks are now stepping in to offer free financial planning tools as the need for improved money management grows.

Clothing brand Banana Club raises Rs 12.25 Cr at Rs 245 Cr valuation

EntrackrEntrackr · 1m ago
Clothing brand Banana Club raises Rs 12.25 Cr at Rs 245 Cr valuation
Medial

Clothing brand Banana Club has raised Rs 12.25 crore at a valuation of Rs 245 crore. The proceeds will be utilized for expansion and opening of its flagship store in HSR Layout, Bangalore, Banana Club said in a press release. Co-founded in 2011 by Neel Bafna, Banana Club is a premium men's fashion brand that offers high-street western wear, inspired by runway and global street styles, and operates on a direct-to-consumer (D2C) model, including its own stores and e-commerce presence. It aims to make stylish, high-quality men's fashion accessible and affordable across India through in-house manufacturing and trend forecasting. With in-house manufacturing capabilities, the brand states that it oversees every aspect from sourcing to stitching ensuring top-notch quality at every step. Its omnichannel approach, combining digital innovation with exclusive brand outlets, ensures a seamless and elevated shopping experience nationwide. The Bengaluru-based brand’s flagship store in HSR Layout spreads across 10,000 sq. ft. and four floors, this marks the brand’s 16th store, showcasing over 8,000 styles. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Recur Club Partners with Enrission India Capital to boost capital access for startups

EntrackrEntrackr · 3m ago
Recur Club Partners with Enrission India Capital to boost capital access for startups
Medial

Recur Club, a debt marketplace for startups and SMEs, has announced a strategic partnership with ENRISSION INDIA CAPITAL, a purpose-led early-stage investment firm, to strengthen capital access and long-term support for startups building impactful solutions for India. Recur Club launched this year a Rs 150 crore ($18 million) fund to accelerate the growth of D2C brands in quick commerce. With this partnership, eligible startups can receive non-dilutive capital. The amounts will be structured as part of the standard term sheet, offered at the discretion of the founders. In addition, Recur Club will extend equity fundraising support to ENRISSION INDIA CAPITAL’S portfolio, helping mission-led startups raise institutional rounds with greater efficiency. “This partnership brings together capital, conviction, and community. With ENRISSION INDIA CAPITAL’s sharp focus on social impact and our AI-led credit infrastructure, we are not only streamlining access to funding, we are shaping a smarter, faster, and more inclusive ecosystem for early-stage companies. The Japan angle adds a unique global edge, opening up opportunities for ambitious Indian startups to scale across borders with confidence,” said Eklavya Gupta, co-founder & CEO of Recur Club. According to Recur Club, this collaboration offers founders a powerful blend of AI-driven, non-dilutive capital, strategic mentorship, and access to global investor networks, particularly in Japan. Building on a proven co-investment track record, the partnership aims to accelerate the growth of socially conscious startups in India and beyond. Details on the partnership, including investment size and timelines, will be announced soon alongside official statements from ENRISSION INDIA CAPITAL’s leadership. Co-founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club is a debt financing marketplace that offers loans to startups and businesses. Businesses can get a loan from Rs 50 lakhs to Rs 100 crore within 48 hours by signing up and linking their financial data. In collaboration with InCred, it has deployed Rs 300 crore in funding aimed at supporting early and mid-stage startups in 2024. Recur Club has committed to deploying Rs 2,000 crore in debt funding for startups and SMEs through Recur Scale and Rs 1,000 crore to MSMEs through Recur Swift in this financial year. As part of this initiative, the company has launched its "Recur Scale" facility, which offers up to Rs 100 crore in funding for individual startups or small and medium enterprises (SMEs). Over the last three years, Recur Club has disbursed over Rs 500 crore to D2C businesses, comprising 30% of its overall portfolio and spanning companies with revenues ranging from Rs 1 crore to Rs 300 crore. It is backed by marquee institutional investors like InfoEdge Ventures, Village Global, LC Nueva, and Titan Capital.

Download the medial app to read full posts, comements and news.