New Delhi: India’s fastest capital platform, Recur Club, disburses ₹1000 crore as debt capital, primarily focusing on funding sectors like tech services, SaaS, D2C, B2B Tech, and logistics. The fintech platform signed up 8,880 founders out of which 144 qualified the underwriting standards.
Recent World Bank data highlights that India’s domestic credit to the private sector is only 55% of its GDP, significantly lower than the global average of 148%. This suggests a large unmet demand for credit making the credit gap in India a pertinent problem contributing to the shift in lending and borrowers’ approach. More startups have started to rely on tailored debt capital that does not burden their working capital cycle.
Removing a lot of friction and making it easier to raise capital, Recur Club facilitates access to offers from 50+ marquee lenders like Tata Capital, HSBC, Aditya Birla Capital, INCRED, Ugro Capital, and many more NBFCs, banks, and institutional capital providers, providing companies with a term sheet within 48 hours and the ability to raise 30% of their revenue without any restrictions.
Summarising the Indian market for debt capital, Eklavya Gupta, Founder of Recur Club, said, “Founders should have a clear idea of the use case of the capital they’re raising and understand the associated risks. Debt makes sense for businesses with some predictability in their cash flows. In contrast, equity makes sense for businesses that want capital for longer-term use cases and don’t have margins greater than their cost of debt.”
As traditional bank loans became less accessible to startups, debt funds and marketplace platforms experienced a rise, particularly for midsize and smaller startups. Looking ahead to 2024, the lending industry is expected to maintain momentum, offering borrowers flexibility and customization. An increase in focus on borrower selection and risk management is expected. Lastly, further development of fintech solutions will likely transform access to debt for businesses of all sizes.
Previously, the Recur Club, India’s fastest capital platform, funded companies like Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and many more.
About Recur Club:
Recur Club is India’s fastest capital platform, enabling companies to raise debt capital tailored to their business needs with a dedicated capital expert. Since 2021, Recur Club has disbursed over $100 million to over 500 companies, enabling them to experience unrestricted growth.
