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Recur Club

Category: AI in Fintech

An AI-native debt marketplace providing non-dilutive capital solutions for startups and SMEs. Recur Club was founded in 2021. The company is led by Eklavya Gupta & Abhinav Sherwal (Co-Founders & Co-CEOs). Based in New Delhi, India. Team size: 51-200. Total funding raised: $50M (debt + equity). Latest round: Debt & Equity Round ($8M equity + debt, Apr 2024). Key investors include InfoEdge Ventures, Village Global, Titan Capital, InCred, Aditya Birla Capital, Ugro Capital, Enrission India Capital.

Founded
2021
Headquarters
New Delhi, India
Team size
51-200
Total funding
$50M (debt + equity)

Value proposition

Provides fast, flexible, and non-dilutive debt financing, enabling founders to raise capital without diluting their equity ownership. Offers a streamlined, technology-driven process for quicker access to capital compared to traditional lenders.

Products and solutions

Recur Scale (Debt financing up to ₹100 Crores), Recur Swift (For early-stage startups), Venture Debt, Secured and Unsecured Term Loans, Working Capital Loans, Acquisition Financing, Bill Discounting, Vendor Financing

Unique value

Recur Club's uniqueness lies in its model as a dedicated debt marketplace, offering a wide range of non-dilutive financing options. Unlike traditional banks, it uses a technology-first approach with its AI-powered platform to accelerate the underwriting and funding process, providing capital to startups and SMEs in days rather than weeks or months.

Target customer

Startups (beyond Series A) and Small to Medium-sized Enterprises (SMEs) with predictable revenue streams, operational for at least 3 months, and a minimum revenue of ₹10 Lakhs.

Industries served

SaaS, D2C (Direct-to-Consumer), E-commerce, Technology Services, Manufacturing, EV (Electric Vehicles), Agritech, EdTech, Fintech

Technology advantage

The key advantage is its AI-native platform which enables 'autopilot' financing, making the process of securing debt faster and more efficient. Its marketplace model connects borrowers with a network of over 120 lenders, creating a competitive environment that results in better and more tailored financing terms for its customers.

How they differentiate

Recur Club operates as a debt marketplace, utilizing an AI-powered platform to connect startups and SMEs with a variety of institutional investors. This model provides non-dilutive capital tailored to business needs, emphasizing speed, transparency, and flexibility without requiring personal guarantees or equity dilution. They focus on companies with recurring revenue streams.

Main competitors

Klub, GetVantage, Clearco

Key partnerships

InCred, ENRISSION INDIA CAPITAL, InfoEdge Ventures (Investor and strategic partner), Village Global (Investor), LC Nueva (Investor), Titan Capital (Investor)

Notable customers

Kreedo, Ustraa, FabAlley

Major milestones

Raised $30M in one of India's largest seed funding rounds in 2022., Secured an additional $50M in a mix of debt and equity financing., Launched 'Recur Scale' to offer debt financing up to ₹100 Crores., Introduced a Rs 150 Cr fund dedicated to supporting D2C brands on quick commerce platforms., Facilitated over $200M in debt financing for more than 500 companies.

Growth metrics

Specific growth metrics are not publicly disclosed. However, the company aims to grow its customer base to over 2,000 and manage $1 billion in tradable revenue.

Market positioning

Recur Club is positioned as a leading alternative financing platform in India for early and mid-stage startups and SMEs. It provides a non-dilutive alternative to traditional venture capital and bank loans, specializing in recurring revenue-based financing and other debt solutions.

Geographic focus

Recur Club's primary geographic focus is India.

Patents and IP

Information regarding patents or specific intellectual property is not publicly available.

About Eklavya Gupta & Abhinav Sherwal (Co-Founders & Co-CEOs)

Previously served as Vice President at CDPQ, an Investment Professional at Ivanhoé Cambridge, and held roles at KPMG and J.P. Morgan.

Official website: