NimbusPost ties up with alternative financing platform Recur Club
Eligible e-commerce sellers on the NimbusPost platform can avail flexible, transparent, non-dilutive and repetitive growth capital of up to ₹20 crore.
NimbusPost announced an alliance with the alternative financing platform Recur Club to provide financing options to NimbusPost’s clientele base of more than 80,000 e-commerce sellers and D2C brands for their marketing and inventory spending, allowing better cash flow.
“Eligible e-commerce sellers on the NimbusPost platform can avail flexible, transparent, non-dilutive and repetitive growth capital of up to ₹20 crore to turbocharge their revenues and amplify their growth, reads the release.
Yash Jain, the founder and CEO of NimbusPost stated, “This business alliance will provide fast, flexible and affordable financing to the e-commerce 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, Yash said, “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.”
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.”
The Gurugram-based logistics company NimbusPost leverages high-end technology such as AI to offer various benefits to its sellers through its automated shipping platform. With real-time access to the NDR escalation panel, e-commerce sellers can reduce their RTO by up to 25 percent. Furthermore, their latest WhatsApp Support Service helps e-commerce brands stay connected with their customers throughout the order fulfilment journey.
