Fund News
Recur Club floats Rs.150-Cr debt fund for D2C brands in quick commerce segment
New Delhi-based early-stage debt marketplace Recur Club has launched an INR 150 crore (USD 17.46 million) fund to accelerate the growth of D2C (direct-to-consumer) brands in the quick commerce sector. The fund will provide financing to 80-100 D2C brands with ticket sizes ranging from INR 80 lakh to INR 10 crore.The company will evaluate brands based on three criteria – minimum annualised revenue of INR 5 crore, presence on quick commerce platforms, and at least 10% quarter-on-quarter growth. With a seven-day disbursal timeline, the fund aims to provide financing equivalent to 2-3 months of inventory plus one month of receivable cycles.Founded in 2021 by Eklavya Gupta and Abhinav Sherwal, the fintech firm operates as a debt marketplace for startups and SMEs (small and medium enterprises). The company claims to have funded more than 750 firms, including 300 D2C brands, with more than half using quick commerce platforms.
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