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Recur Club Partners With Titan Capital To Provide Rs 100 Cr Capital

Recur Club is allocating this capital for Titan capital portfolio companies from their recent $30M seed funding round which was a combination of equity and debt allocation

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Recur Club has partnered with Titan Capital to offer Rs 100cr in non-dilutive growth capital for Titan Capital’s Portfolio Companies. Recur Club’s innovative fintech platform facilitates fast, flexible and hassle-free growth capital for companies with recurring revenues. Companies can trade their future customer revenues at a small discount to get capital upfront within 48 hours.

Recur Club is allocating this capital for Titan capital portfolio companies from their recent $30M seed funding round which was a combination of equity and debt allocation.

Bipin Shah, Partner at Titan Capital, said “Recur Club’s solution perfectly complements VC capital by enabling founders to efficiently balance their capital stack. We believe this solution can help majority companies in our portfolio spanning across early stages to growth stages. This capital can be used to fund expenses with a payback period between 12-24 months and equity capital can be utilised for expenses with uncertain outcomes.”

Eklavya Gupta, Founder and Co-CEO at Recur Club, said “The current uncertain global macroeconomic situation has resulted in rising interest rates and liquidity squeeze which has resulted in capital from risky instruments like VC equity drying or investors pushing companies for down rounds. This has further accentuated interest in non-dilutive financing solutions like Recur Club. We have seen Founders increasingly use our trading platform to raise capital to fund their CAC, Sales and Marketing, delay dilution, extend their runway, or dilue lesser by participating alongside equity rounds.”

Recur Club works with companies with predictable annual revenue from existing customers of at least $100k, greater than 1 year of vintage and more than 3 months of runway. The sectors covered by their offering include but are not limited to SaaS, Tech Services, B2B Tech platforms, EdTech, D2C Subscriptions and Proptech.

 


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