NimbusPost, a tech-enabled logistics service provider, has partnered with Recur Club, a financing platform in India. 

This partnership eyes to provide financing options to NimbusPost’s clientele base of more than 80,000 e-commerce sellers and D2C (direct-to-consumer) brands for their marketing and inventory spending, allowing better cash flow. 

According to a company statement, eligible e-commerce 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.

Talking about the partnership, 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 stated, “Many e-commerce 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 the event, 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.”