Debt marketplace Recur Club has raised $50 million in a blended equity and debt funding round, with InfoEdge Ventures leading the equity portion. The capital will be channelled toward scaling the team, enhancing technology, and expanding reach into Tier II and III markets across India.
Of the $50 million, $8 million was raised as equity, with InfoEdge Ventures joined by LC Nueva, Physis Capital, String Ventures, and iA Finvolve. The remaining $42 million came in the form of debt from financial institutions such as InCred, Ugro Capital, and Lighthouse Canton.
Recur Club operates as a debt marketplace targeting startups and SMEs, offering a variety of credit products such as working capital, invoice discounting, venture debt, acquisition financing, structured debt, and lease financing. The platform claims to have already served over 2,000 companies across sectors.
A core component of its offering is “autopilot” financing, which allows borrowers to secure debt more quickly through automation. Recur Club is building a platform called AICA (AI Credit Analyst), which connects with multiple data sources to generate financial and compliance reports, significantly reducing time spent in underwriting and execution. The company says AICA’s co-pilots and lending agents can save more than 80% of the time typically expended in data collection and deal processing.
Commenting on the round, Recur Club co-CEO Abhinav Sherwal said the startup is focused on expanding its tech architecture and team strength. Co-CEO Eklavya Gupta stated that by 2030, the company aims to enable 2% of India’s $1 trillion SME and startup debt market through its platform.
InfoEdge, in a statement, emphasized that Recur Club is transforming corporate lending in India by building a full-stack debt marketplace with AI at its core, making capital access faster, smarter, and more founder-centric.
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