Recur Club Launches Regreen Fund to Support Green Startups in India
- ByStartupStory | July 8, 2023
Recur Club, a revenue-based financing platform, is proud to announce the launch of Regreen Fund, a sustainable finance program dedicated to investing in startups actively working towards a greener and more sustainable future.
With an initial commitment of $10 million, Recur Club aims to support and empower environmentally conscious startups in India, providing them with the necessary capital to drive their growth, accelerate product development, and expand their market reach.
Regreen Fund offers selected companies access to growth capital without the need for equity dilution, ensuring that entrepreneurs can maintain control of their businesses while accessing the resources they need to scale their operations and make a significant impact in the green sector.
Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club stands out for its unique approach of assessing key metrics by integrating with its customers’ accounting, billing, and subscription management systems. The platform collaborates with companies that have predictable annual revenue from existing customers, amounting to at least $100,000.
In alignment with global efforts to combat climate change and pollution, the United Nations Environment Programme (UNEP) has partnered with the Massive Earth Foundation (MEF) to launch LowCarbon.Earth (LCE) 2023, a climate tech accelerator focused on supporting startups that address these urgent environmental challenges.
Recur Club’s Regreen Fund and initiatives like LCE 2023 are essential drivers of positive change, providing crucial funding and resources to startups working tirelessly to create innovative solutions for a more sustainable future.
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