Debt financing
Fashion e-commerce brand Beyoung raises Rs.40-Cr from Klub
Udaipur-based fashion e-commerce brand Beyoung has raised INR 40 crore from revenue-based financing startup Klub. Beyoung will use the fresh funds for geographical expansion. Additionally, it will also use the funds for technology upgrades, marketing efforts, and logistics improvements. Founded by Shivam Soni, Shivani Soni, Sakshi Soni, and Shankar Mali in 2018, Beyoung manufactures and sells apparel and accessories for people between the age of 16 and 45 years. It claims to have recorded an annualized revenue of INR 150 crore.
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