Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Recur Club to provide Rs.100-Cr in revenue-based funding to Titan Capital portfolio cos
Recur Club has partnered with Titan Capital to offer Rs 100cr in non-dilutive growth capital for Titan Capital's Portfolio Companies. Recur Club's fintech platform facilitates growth capital for companies with recurring revenues. Companies can trade their future customer revenues at a small discount to get capital upfront within 48 hours. Recur Club works with companies with predictable annual revenue from existing customers of at least $100k, greater than 1 year of vintage and more than 3 months of runway. The sectors covered by their offering include but are not limited to SaaS, Tech Services, B2B Tech platforms, EdTech, D2C Subscriptions and Proptech. Recur Club is allocating this capital for Titan capital portfolio companies from its recent $30 million funding round which was a combination of equity and debt.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.