Sebi - Latest News Update, Information, Photos & Videos on Sebi at Lokmat Times

India's leading Revenue Based Financing platform, Klub recently added Subhashish Bhadra as the Director of its Capital Platform as part of its rapid leadership expansion plan.In his new role, Subhashish will be responsible for the 10x growth of investments enabled by the community-backed platform.With a mission to enable fast, founder-friendly, and flexible capital for digital businesses, Klub provides capital starting from Rs. 2 lakhs up to Rs. 30 crores. Klub's Capital Platform enables individual investors to support digital businesses and reap above-market returns. The platform's tech-data approach enables businesses to raise capital through seamless integration with their existing data sources instead of going through an arduous process of pitching.According to SEBI, assets of AIFs have grown over 32 per cent year-on-year to Rs. 5.35 lakh crore at the end of September 2021. The search volumes for "alternative investments" in India have jumped 400% over the last year, gaining prominence among individual investors.Prior to joining Klub, Subhashish was with venture capital firm Omidyar Network India, where he pioneered PrivacyTech investments and was on the boards of several start-ups. Over his five years there, he also funded research, industry events, marketing campaigns, open-source projects, etc. and led nearly 50 grants and investments. Subhashish is an economics major from St. Stephen's College and Oxford University and is a recipient of the prestigious Rhodes Scholarship.Commenting on Subhashish's appointment, Anurakt Jain, CEO & Co-founder of Klub, stated, "We are excited to expand our India leadership team with Subhashish's entry. His investment experience will create more growth opportunities for Klub's Capital Platform. Subhashish's interest to create a wider impact on the investment ecosystem resonated with Klub's mission. We are thrilled with the addition of his complementary skill sets to our diverse team."Talking about his new role at Klub, Subhashish adds, "I believe that Indians today are seeking new avenues to deepen their engagement with innovative brands and contribute to their growth story more meaningfully. I joined Klub because it provides one way to do so, through a tech-enabled capital platform where savvy investors can fund loved local brands. We have 5000 patrons on our platform today and are aiming to grow this by 10x in the next six months."The company raised USD 20 mn last year, in one of the largest seed rounds in India and has grown 18x over the last year. The brand has facilitated 350 investments in nearly 175 digital businesses so far and has a community of more than 5,000 investors.Klub is India's leading Revenue Based Financing platform providing flexible growth capital to digital-first companies and SMEs. Klub provides flexible capital for recurring marketing, inventory, and capex spending to a wide variety of digital-first companies and SMEs across e-Commerce, D2C, ed-tech, SaaS, and the broader digital commerce spectrum.Revenue Based Financing takes a revenue share as returns instead of equity dilution, fixed EMIs, and personal guarantees, making it ideal for a post-COVID financing ecosystem. Klub has raised two rounds of capital from 9Unicorns, Surge (Sequoia Capital India's accelerator fund), Alter Global, GMO VenturePartners, EMVC Fintech Fund, and marquee global angels.This story is provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

SebiFOLLOW

Sebi, Latest News

Mumbai, Feb 17 The Income Tax department on Thursday conducted a search operation at the residence of Chitra ... ...

New Delhi, Feb 15 In a relief to a number of top companies especially family owned businesses, the ... ...

The Securities and Exchange Board of India (SEBI) on Tuesday changed the requirements for listed companies to separate roles of chairperson and managing director (MD) or chief executive officer (CEO) to 'voluntary' from 'mandatory'. ...

Under Margin Trading Financing (MTF), one can buy stocks by paying only a part of the total value of stocks. ...

Stock market regulator Securities and Exchange Board of India (SEBI) restrained Reliance Home Finance, it's promotor Anil Ambani and three others from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever u ...

The Securities and Exchange Board of India (SEBI) has penalised the National Stock Exchange (NSE) and its former CEOs Chitra Ramkrishna and Ravi Narain, and two other officials for lapses in hiring at senior level. ...

Stock market regulator Securities and Exchange Board of India (SEBI) restrained Reliance Home Finance, it's promotor Anil Ambani and three others from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever u ...

India's leading Revenue Based Financing platform, Klub recently added Subhashish Bhadra as the Director of its Capital Platform as part of its rapid leadership expansion plan. ...