Recur Club and ah! Ventures to provide non-dilutive growth capital for Indian startups
Recur Club, a fintech startup that provides growth capital to companies, has partnered with ah! Ventures to offer up to Rs 50 crore as non-dilutive growth capital to portfolio companies of ah! Ventures. The partnership is aimed at nurturing over 100 startups by the end of 2024, particularly those in the subscription and recurring revenue space.
According to a statement, the collaboration will create a pool of investors to help early-stage startups navigate through their entrepreneurial journey. The two firms aim to support a diverse array of startups in spite of the global economic conditions.
“Our unique approach to financing will continue to be in high demand despite the global economic conditions. Our collaboration with ah! Ventures Network will allow us to support a diverse array of startups. We look forward to helping startups navigate the current economic climate and support their growth together,” said Eklavya Gupta, Founder and Co-CEO at Recur Club.
“This partnership with Recur Club allows us to expand our reach and support a diverse array of startups. We eagerly anticipate the potential outcomes of this collaboration, particularly for startups in the subscription and recurring revenue space,” said Amit Kumar, Co-founder at ah! Ventures Fund.
Recur Club is a provider of non-dilutive growth capital to companies while ah! Ventures is a startup-focused investment platform. The collaboration between the two firms aims to create a supportive environment for early-stage startups and help them navigate through their entrepreneurial journey.
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