Klub Fuels Indian Brands with Rs 40 Crore Boost for Explosive Growth
- ByStartupStory | August 10, 2023
Investment platform Klub has announced a significant infusion of Rs 40 crore into a range of prominent Indian brands, including Naagin Sauce, Ustraa, Illuvia, Kraasa, Jaipur Watch Company, and more. This strategic investment move by Klub is poised to foster growth and expansion for these brands across various sectors.
According to a statement by Klub, the lion’s share of the Rs 40 crore investment was allocated to the fashion and apparel sector, closely followed by the personal care and beauty industry. This financial injection is expected to offer these brands essential resources such as working capital, streamlined inventory management, effective performance marketing, store financing, and the valuable opportunity to engage in collaborations with well-known celebrities and brand ambassadors.
Klub’s proactive investment approach aims to empower these brands with the necessary financial backing to amplify their presence, enhance operational efficiency, and tap into new growth avenues within the competitive market landscape.
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