News Update

Recur Club to provide a non-dilutive growth fund of Rs 100 crore to Titan Capital

• ByStartupStory     |    May 13, 2022

Recur Club, a B2B fintech platform has recently partnered up with Titan Capital to offer Rs 100 crore as non-diluted growth capital for its portfolio companies. Recur Club stated that it would direct the funds to companies in which Titan Company has invested. 

The company would then trade their future revenues to small to have a capital upfront within 48 hours. The firm was founded in 2021 by Abhinav Sherwal and Eklavya Gupta, the alumnus of  IIM Calcutta with an aim to create a trading platform to provide financing for companies with recurring revenue streams.

Eklavya, the founder and co-CEO of Recur Club said that the current uncertain scenario of macroeconomics has raised concerns over increasing interest rates and liquidity squeeze. This although has resulted in funds from risky investments such as VC equity drying and led to the interest in non-dilutive financing solutions like Recur Club.

 

Bipin Shah, the partner at Titan Capital said about Recur Club that their solution perfectly complements VC Capital by allowing the founders to balance the capital stack. He also said that this solution will help a lot of companies in our portfolio spanning from early stages to growth stages. This fund can also be used to fund expenses with a payback period of 12 to 24 months. 

The company also claims to work with companies that have a predictable annual revenue of a minimum of $1,00,000 from existing customers which is more than greater than one year of vintage. The sectors included in their offering are not limited to SaaS, tech services, B2B tech platforms, D2C and proptech. Titan Capital was established in 2015 and is a Gurugram-based venture capital company which provides seed capital to over 200 startups including six unicorns like Ola, Mamaearth, Urban Company, Razorpay, Snapdeal, etc. It also aims in investing in sectors like D2C brands, SaaS platforms, computer vision and artificial intelligence.

Follow Startup Story