Bengaluru-based Klub, a revenue-based financing platform, announced it has partnered with Shiprocket, an e-commerce enablement platform.
Through this partnership, Merchants on the Shiprocket platform will get access to a cohort of capital products that Klub offers, which can go up to Rs 30 crore for a tenure of up to 24 months for brands across every stage of growth, the company said.
So far, Shiprocket, which recently became the first inter-city logistics provider to join the ONDC network, has enabled sellers to reach more than 24000 pin codes across India.
The platform enables e-tailers to manage their orders and day-to-day operations, RTO, data prediction, NDR, optimised shipping, tracking, and much more from a single platform.
Commenting on the partnership, Vishesh Khurana, Co-Founder at Shiprocket, said, “Shiprocket’s mission is to empower and help small and medium scale enterprises of real Bharat so that they can grow their businesses and flourish without any hassle.”
“Our collaboration with Klub will further enhance our vision to help SMEs and MSMEs merchants and will support our new & existing seller base with flexible working capital which will not only help them with funds and customised financial options but will also increase their reliability and trust in the brand as a one-stop solution for all their operational needs,” Vishesh said.
Klub’s full-stack embedded capital platform offers capital starting from Rs 5 lakhs up to Rs 30 crores to digital merchants.
The company claims said it has served 300+ brands through 700+ investments enabling them to have single-click access to credit, customer retention, increase their GMV, and unlock additional revenues from value-added capital products.
“Our mission at Klub is to provide effortless funding to India’s loved brands. With Shiprocket and Klub working in tandem, our platform aims to disburse INR 50 crores to Shiprocket merchants in the next 3 months,” said Sudharsan Venkatakrishnan, Vice President of Klub.