Recur Club, a prominent player in India’s debt marketplace for start-ups, has unveiled its latest financial product, Recur Scale, aimed at providing substantial debt financing to late-stage start-ups and SMEs. This initiative targets companies at Series A, B, and beyond, specifically those with revenues exceeding Rs 40 crore.
Founder Abhinav Sherwal and Eklavya Gupta, emphasized the strategic shift towards supporting larger business segments involved in Series A, B, C funding rounds and beyond.
Recur Scale is designed to significantly boost the average ticket size of loans offered by Recur Club, ranging from Rs 5 crore to Rs 50 crore, with provisions for even larger amounts up to Rs 100 crore. This move underscores Recur Club’s commitment to catering to the evolving financial needs of high-growth companies in India’s entrepreneurial ecosystem.
Gupta highlighted to Business Today the importance of this new offering in enhancing financial accessibility for companies navigating the complexities of scaling operations and achieving new milestones in their growth journeys. With Recur Scale, Recur Club seeks to consolidate its position as a pivotal partner in fueling the ambitions of India’s burgeoning start-up and SME sectors.
As Recur Scale rolls out, it is poised to play a crucial role in shaping the financial landscape for late-stage businesses, supporting their aspirations for sustained growth and market leadership in India and beyond.