Furlenco claims that Aceler8, Klub's most recent and largest fund, provided funding on revenue-based financing terms. According to a release, the company will scale back activities and enhance the business with the new funds.

“Funds raised through Klub’s platform will allow us to operate and scale our business without any equity dilution. With lifestyle evolving in urban India at an exponential rate, we constantly need to tap into newer potentials and with Klub’s founder-friendly funding approach, we are able to get through this phase,” said Ajith Mohan Karimpana, CEO and founder of Furlenco.

In addition to Furlenco, House of Kieraya (HoK) has recently increased the range of products it offers through UNLMTD, Furbicle, and Prava.

Furlenco and Klub recently announced a plan to quadruple their investments from their fund, Aceler8, over the next two quarters. This RBF cooperation is the result of that announcement.

Subhashish Bhadra, Director at Klub said, “We are always on the lookout for brands that simplify user experience and adapt as per the changing landscape. When the opportunity to invest in HoK was subscribed to our platform, our fund, Aceler8, deployed substantial capital with HoK. We see this as the beginning of a long-term partnership.”

Klub also offers Blaze and Gro as other brand investment possibilities in addition to Aceler8. While Gro is an AIF offering finance from Rs 25 lakh to Rs 5 crore with a 12 to 18-month duration, Blaze offers a working capital partnership with NBFCs for funding from Rs 5 lakh to Rs 1 crore with a 3 to 9-month tenure.