DASH raises $1 million in funding by trading its recurring revenue on Recur Club

• ByStartupStory     |    September 15, 2022

DASH, a tech-driven go-to-market channel for brands in Tier-III markets, has obtained a $1 million non-dilutive capital line of credit from Recur Club, a financing platform that helps firms turn recurring revenue streams into quick and upfront finance.

DASH is a technical platform that, through its network of digitally integrated demand aggregators and fulfillment partners, makes Tier-III markets more accessible for FMCG and food commodity brands. Currently, over 200 businesses are using it to increase their market penetration in Tier III. DASH has onboarded more than 2000 partners in five locations, and orders are delivered within 24 hours.

Ajay Nain, the founder of Dash, informed the media that they have a unique operating model where they leverage technology and the entrepreneurial spirit of locals to overcome sales and supply challenges for brands. The company is growing at a 32% CMGR and looking to touch 100 crores in ARR by the end of September 2022. But this needs to be addressed with scale, and they are glad to have partnered with Recur Clue. 

“As founders ourselves, we deeply understand the amount of time, effort, and paperwork it takes to raise capital through equity or debt. At Recur Club, we obsess about helping founders such as Ajay Nain by opening up an altogether new way to finance their growth without dilution. Our revolutionary AI/ML-backed underwriting engine connects with the company’s data-on-the-go and unlocks their trading limits within 48 hours,” said Amar A Ummat, founding partner, of Recur Club.

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