VC Fund Investments
Devices-as-a-Service (DaaS) platform Swish Club raises $4.5 M led by Powerhouse Ventures
Bengaluru-based Devices-as-a-Service (DaaS) platform Swish Club has raised USD 4.5 million in a Pre-Series A funding round, comprising USD 3.3 million in equity and USD 1.2 million in debt.The equity round was led by Powerhouse Ventures, with participation from Blume Ventures, Founders Fund, Touchstone Ventures, Eternal Capital, and Atrium Ventures. Livspace’s Anuj Srivastava, Al Jazira Capital's Ajit Reddy, Goldman Sachs’ Deb Dutt and Tushar Patel, and the head of Citi Ventures Jatin Mamtani also participated in the funding round.The funds will be used for product development, talent acquisition, and revenue acceleration, and the debt component will be used for device financing.Founded in 2023 by Dushyant Sapre, Suraj Kumar, and Jai Anand, Swish Club offers solutions for enterprise devices, end-point management, and security software. The company operates an online platform that handles the entire lifecycle of a device, from sourcing, configuration, administration, security, and safe returns to upgrades.
In Dec 2023, Swish Club had raised about USD 1 M from Blume Ventures, Powerhouse Ventures, and Touchstone Equities.
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