‘Members-only’ lifestyle club Quorum sells 5% stake to Nikhil Kamath's Gruhas

Gurugram-based lifestyle hospitality brand Quorum Club has raised funding by diluting 5% stake in a pre-Series A round led by Gruhas, a venture fund floated by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana. The club's existing shareholders including Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group, and Karanpal Singh have also participated in the round.Quorum began operations in 2018 with the launch of its first members' club in Gurugram, operating under Quorum Club LLP. In 2021, it expanded to Mumbai, taking over operations of another former private members club 'The A', at Lower Parel's One World Centre. Quorum Club also operates a 70,000 sq ft club in Hyderabad.