Fintech startup Klub raises US$2M to provide growth capital to high-affinity brands
Singapore-headquartered fintech startup Klub has announced the closing of a US$2 million pre-seed funding round.
Investors include Sequoia Capital India (as part of its Surge programme in Singapore) and institutional investors such as EMVC Fintech Fund, Better Capital, Tracxn Labs, and 9Unicorns.
Nearly 40 marquee angels also participated in the round through AngelList, including Naveen Tewari and Piyush Shah of InMobi; Kunal Shah of Cred; Rajesh Yabaji of Blackbuck; Ramakant Sharma of Livspace; Nitin Sharma of InCrypt; Nishant Verman of Flipkart; and Shradha Sharma of Yourstory.
Founded by Anurakt Jain and Ishita Verma, Klub provides growth capital to high-affinity brands across sectors like F&B, direct-to-consumer in fashion, lifestyle, and FMCG, and consumer internet brands. The investment platform, which utilises financial innovation, community engagement and deep data-driven analytics, provides skin-in-the-game growth capital to entrepreneurs of much-loved brands across sectors.
The firm is building a platform for the India market initially while aiming for a pan-Asia presence.
Klub is in stealth mode and is doing limited pilots with select brands, including some international ones entering India.