Klub Acelere8 debut fund worth Rs 200 crore, has announced its final closure. During the holiday season, Klub will expedite the fund’s deployment among growth-stage enterprises. According to the fund statement, around 30% of its corpus has already been deployed.
In December 2021, the first closing was announced by Klub.
“Revenue-based financing fits perfectly with the festive season capital needs of businesses. This festive season, we will expand our investments in small businesses as well as unicorns by 2x through our RBF Fund over the next six months,” Anurakt Jain, Co-founder and CEO at Klub, said in the statement.
Klub Acelere8 Maiden Fund invests in 33 growth stage companies
The fund makes investments in companies for a period of up to 24 months with capital ranging from Rs 5 lakh to Rs 30 crore. Klub has invested in 33 growth-stage companies over the past few months, including SMOOR Chocolates, BluSmart, Ben Franklin, Bewakoof, and Ben Franklin.
Credence Family Office, a wealth management firm, is one of the Category II Alternative Investment Fund Limited Partners of Klub. Naveen Tiwari, CEO of the InMobi Group, Vidit Atrey, co-founder and CEO of Meesho, and Dr. Apoorva Ranjan Sharma, co-founder of 9Unicorns are a few members of the advisory council for the fund.
“We are always inclined to partner with capital platforms that focus on the cash flow of businesses to determine its growth. With Klub’s revenue-based financing fund, we are able to do this without any equity dilution. This firmly supports our belief of delivering an optimal curated solution to the needs of businesses and our investors,” said Mitesh Shah, Founder and CEO at Credence Family Office in the statement.
