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Debt marketplace Recur Club has raised $50 Mn in a mix of equity and debt to expand its AI-powered debt financing platform for startups and SMEs.
The round included $8 Mn equity funding led by existing backer InfoEdge Ventures, alongside participation from LC Nueva, Physis Capital, String Ventures, and Finvolveia. The remaining $42 Mn was debt funding from Incred, Ugro, Lighthouse Canton, and other NBFCs and debt funds.
Recur Club said it would use the funds to strengthen its AI credit engine, AICA, expand into tier II & III cities, add new product lines, and scale its team. It is targeting an annual debt run-rate of INR 10,000 Cr by FY27.
Founded in 2021, Recur Club operates a debt marketplace connecting businesses with more than 150 institutional lenders. The platform claims to use AI to match companies with the right lenders across products such as working capital, venture debt, asset financing, and invoice discounting.
Unlike NBFCs, Recur Club does not directly lend but acts as a technology layer, sometimes participating in risk sharing with partners to improve approval rates and speed.
The ticket size on the platform ranges from INR 25 Lakh to INR 50 Cr, catering to sectors such as SaaS, manufacturing, financial services, and D2C brands. Recur Club claims to have facilitated more than INR 3,000 Cr in debt sanctions since its inception.
Earlier this year, it floated a dedicated INR 150 Cr ($17.5 Mn) fund to back 80-100 D2C brands in the quick commerce space, with ticket size ranging from INR 80 Lakh to INR 10 Cr. The fund focuses on brands with minimum annual revenue of INR 5 Cr and at least 10% QoQ growth, aiming for seven-day disbursal timelines to cover inventory and receivables.
So far, Recur Club claims to have funded more than 750 companies, including 300 D2C brands, of which over half are leveraging quick commerce platforms. It claims to have already disbursed INR 500 Cr to D2C businesses, as part of its broader strategy to deploy INR 2,000 Cr through its ‘Recur Scale’ programme and INR 1,000 Cr via ‘Recur Swift’.
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