Pune Based Assisted Living Startup Arcatron Mobility Raises Growth Financing Through Klub
- ByStartupStory | July 5, 2021
Pune based assisted living startup Arcatron Mobility raises growth financing through revenue based financing platform, Klub. The amount raised stays undisclosed. As per a statement, the startup will use the capital raised through Klub to ramp up inventory/production, and has grown at a monthly CMGR of 100 percent.
“We started Arcatron to build world-class mobility devices and offer assistive, adaptive, and rehabilitative devices for people with limited mobility. Arcatron has grown year on year at ~250 percent, and in Klub we have found the perfect growth partner,” said Ganesh Sonawane, Co-founder and CEO, Arcatron Mobility, further adding “We are seeing a constant uptick in demand and with Klub capital, we aim to build inventory and ramp up production. For niche brands like us, Klub is an ideal investment platform offering flexible, non-dilutive growth capital.”
Anurakt Jain, CEO and Co-founder, Klub said, regarding the investment, “Arcatron’s simple design thinking approach and range of mobility products has propelled the demand for its products. Klub’s revenue-based financing will help Arcatron scale up operations and build inventory for solving the unmet needs of focus segments. We aim to back challenger brands that have strong fundamentals, great products and the potential to scale rapidly.”
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