Alpino Health Foods, a Shark Tank brand, raises funds through revenue based financing before its seed round
Summary
When six friends came together to contribute to the better health of society, the research concluded that India desperately needed a good source of nutrient-rich foods. We are planning to use these funds to expand our digital footprints and create more awareness about our brand and hire across verticals.Speaking about the funding, Subhashish Bhadra, Director at Klub said, The Indian breakfast market registered a growth rate of 12 per cent CAGR in 2020, which further accelerated to 18-20 per cent in the post-pandemic world, as people become more inclined to convenience foods. This is why patron investors on Klub were excited by the opportunity to back one of the leaders in this space, which was also featured on Shark Tank India. Alpinos steady month-on-month revenue growth and strong brand recollection saw it get subscribed on our platform within minutes.Klub has facilitated more than 400 investments in over 200 digital businesses so far and has a community of more than 6250 patron investors. The company raised USD 20 million in one of the largest seed rounds in the country and grew by 20x in the last year.Klub is Indias leading Revenue Based Financing platform providing flexible growth capital to digital businesses and SMEs.