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.
![Founded by Ishita Verma and Anurakt Jain [L-R], and backed by Surge, Sequoia Capital India%u2019s rapid scale-up program, Klub is building a platform to offer capital to local entrepreneurs in the Indian market Founded by Ishita Verma and Anurakt Jain [L-R], and backed by Surge, Sequoia Capital India%u2019s rapid scale-up program, Klub is building a platform to offer capital to local entrepreneurs in the Indian market](https://www.itln.in/itlnbackend/assets/uploads/meesho-partners-with-klub-to-provide-financing-options-for-msmes.jpg)
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.
NIIF invests ₹2250 crore for 22.5% share in DP World's Hindustan Ports
1 July 2022 11:16 AM GMTCMA CGM lowers freight rates to support French households
1 July 2022 10:30 AM GMTOver 250 jewellers switch from email to BVC's WhatsApp For Logistics...
1 July 2022 8:17 AM GMTDrewry says beginning of end for carriers' bull run
1 July 2022 7:00 AM GMTMSC signs UN Global Compact Sustainable Ocean Principles
30 Jun 2022 1:00 PM GMTMahindra Logistics to focus on skill enhancement of D&I candidates
30 Jun 2022 12:38 PM GMTXeneta Shipping Index zooms over 10% in June
30 Jun 2022 11:45 AM GMT