Meesho partners with Klub to provide financing options for MSMEs

August 18, 2020: Fintech startup, Klub has partnered with the e-commerce giant, Meesho to provide financing options for MSMEs on Meesho’s platform to enable domestic sourcing and manufacturing in the current Covid-19 economy.

The financing partnership of Klub and Meesho will provide end-to-end solutions to suppliers on the Meesho platform to raise capital for the growth of their businesses. Additionally, this will ensure flexible financing for select Meesho suppliers to source input material through domestic manufacturing units, and in turn, expand their business.

Anurakt Jain, co-founder and CEO, Klub, said, “ As an embedded financing partner for Meesho, we look forward to combining our expertise and unique financial solutions with Meesho’s reach to provide some relief to small businesses. Klub’s goal is to enable local brands to reach their growth potential by offering flexible financing solutions."

Founded by Anurakt Jain and Ishita Verma, and backed by Surge, Sequoia Capital India’s rapid scale-up program, Klub is building a platform to offer capital to local entrepreneurs in the Indian market.

Founded by Vidit Aatrey and Sanjeev Barnwal, Meesho currently has close to 4 million women entrepreneurs and 50,000 suppliers on its platform, who have in turn created more than 100,000 jobs in Tier 2 and 3 cities.