NimbusPost, a tech-enabled logistics service provider, recently announced an alliance with Recur Club, an alternative financing platform. This partnership will provide financing options to NimbusPost’s clientele base of more than 80,000 ecommerce sellers and D2C brands for their marketing and inventory spending, allowing better cash flow.
According to the company, eligible ecommerce sellers on the NimbusPost platform can avail flexible, transparent, non-dilutive and repetitive growth capital of up to Rs 20 crore to turbocharge their revenues and amplify their growth.
Yash Jain, the Founder and CEO of NimbusPost stated, “We are delighted to announce our partnership with Recur Club, India’s leading financing platform. This business alliance will provide fast, flexible and affordable financing to the eCommerce sellers registered with NimbusPost. Backed by a solid finance solution, sellers on our platform would get excellent growth opportunities without having to dilute equity.”
Adding further, Jain said, “Many ecommerce sellers out there have to pause their business expansion plan because of the lack of funds, which directly hampers their business growth. Our partnership with Recur Club will help NimbusPost sellers to grow inventory and other cyclic spending without stressing over equity dilution or restrictive financial covenants as seen in traditional capital sources such as banks or external equity investments. With this association, we hope to promote financial stability for our valuable sellers around the country.”
Commenting on this, Eklavya Gupta, Founder and Co-CEO of Recur Club said, “We are excited to partner with NimbusPost and support sellers on their platform with an alternative way of financing without dilution or any restrictive financial covenants. Our unique approach to financing will continue to be in high demand despite the global economic conditions. We look forward to helping startups navigate this economic climate and supporting their growth together.”