Festive season bonanza: Recur Club launches Rs 500 Cr fund for D2C brands
Recur Club, a debt platform for startups and SMEs, has announced a Rs 500 crore fund to facilitate growth capital for D2C brands in the current financial year.
Via YourStory
Based on the current average ticket size of approximately Rs 3 crore, the fund is expected to support 150-170 D2C brands, depending on their individual financing requirements, Recur Club said in a statement.
Recur Club noted that D2C brands typically require additional capital for the forthcoming festive season to build inventory and expand their presence. The demand for growth capital during the festive season typically rises by around 35%, the firm said.
According to Recur Club, the two key capital…
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