COMPANY INTELLIGENCE PROFILE
Recur Club Technologies Private Limited
AI-driven debt-financing marketplace matching Indian startups and SMEs with lenders; Delhi-registered, DPIIT-recognised, backed by InfoEdge Ventures.
Recur Club is an AI-driven debt-financing marketplace that connects Indian startups and SMEs with lenders. Registered in Delhi and recognized by DPIIT, it was founded in 2021 by IIT/IIM alumni Eklavya Gupta and Abhinav Sherwal. The company offers a seamless debt-financing experience by evaluating various business metrics. Backed by InfoEdge Ventures, it focuses on expanding its services to Tier-2 and Tier-3 cities. Revenue for FY ending March 2024 was ₹10.97 crore, reflecting a 47% decrease year-over-year.
AI-generated, may contain errors.
Business Overview
- Recur Club operates an AI-native debt marketplace, "Capital Reimagined", that matches borrowers, startups and SMEs, with suitable lenders by evaluating revenue velocity, customer churn and business momentum, offering "autopilot" debt financing with less friction.
- Founded 2021 by IIT/IIM alumni Eklavya Gupta and Abhinav Sherwal
- Originally a revenue-based/recurring-revenue financing platform, later expanded into a broader debt marketplace and new debt products, including expansion into Tier-2/Tier-3 cities. DPIIT-recognised startup.
Sector & Classification
Other computer related activities (NIC group 7290 — maintenance of websites/creation of multimedia presentations etc.); operationally a fintech debt marketplace
Directors & Key Management
Directors — source notes
3 directors (source: Falconebiz, DINs confirmed by 2 sources): - Abhinav Sherwal — DIN 09195854 — Director, appointed 07 Jun 2021 (co-founder) - Eklavya Gupta — DIN 09614389 — Director, appointed 15 Jun 2022 (co-founder) - Amar Anil Ummat — DIN 10136996 — Director, appointed 04 May 2023
GST Registrations
Primary GSTIN: 07AALCR0455N1ZY — Delhi (state code 07), Regular taxpayer, Active, registered 16 Jul 2021, Private Limited, "Supplier of Services". PAN: AALCR0455N. Home state: Delhi. Number of registrations: 1 confirmed (no additional GSTINs surfaced). NOTE (entity-confusion trap): a separate GSTIN 06AAFCF3979B1ZO under the "Recur Club" brand exists on a DIFFERENT PAN (AAFCF3979B) — NOT attributable to this company/CIN.
Financials
Recur Club Technologies reported a revenue of ₹10.97 Cr for FY ending March 2024, a 47% decrease from the previous year, where it grew 1108%. In FY 2023, the company had an operating margin of 66.37% and a net profit margin of 50.02%.
AI-generated, may contain errors.
- Standalone, MCA/registry figures.
- Latest audited FY ending 31 Mar 2024: Revenue ₹10.97 Cr, down ~47% YoY, source: TheCompanyCheck.
- Prior FY ending 31 Mar 2023: Revenue in ₹10-25 Cr band, ~₹20-21 Cr implied, reported +1108% revenue growth that year (source: Tofler).
- Margin ratios, Tofler, FY Mar-2023: Operating margin 66.37%, Net profit margin 50.02%, ROCE -57.17%, Debt-to-Equity -2.1.
- Exact EBITDA / PAT / Net worth / Total borrowings: not obtained, behind Tofler Pro / TheCompanyCheck premium paywalls.
- Last AGM 30 Sep 2024
- Latest balance sheet date 31 Mar 2024. Consolidated vs standalone: figures are standalone entity-level
- Platform-wide debt disbursed, marketing figures, is separate and not entity revenue.
Funding History
- Platform/brand-level rounds, note: raised under the "Recur Club" brand; equity may sit in a group/holding entity rather than this exact CIN — treat as platform funding:
- Seed: ~$30M (equity + debt), announced Apr 2022, led by InfoEdge Ventures and Village Global
- Other participants incl. Titan Capital, Kunal Bahl, Rohit Bansal, Aditya Birla Finance, InCred, Adept Ventures, Lykke Capital, PointOne Capital, source: Inc42, Entrackr.
- Series A: $50M total = ~$8M equity + ~$42M debt allocation
- Equity led by InfoEdge Ventures with LC Nueva, Physis Capital, String Ventures, iA finvolve
- Debt from InCred, U GRO, Lighthouse Canton, source: The SaaS News, Inc42.
Loans & Charges
- No registered charges on assets found, source: Tofler — "No registered charges on assets". None found.
Credit Ratings
- None found. No CRISIL / ICRA / CARE rating for this specific entity, CIN U72900DL2021PTC381973, surfaced., Any rated NBFC/lending arm would be a separate group entity — not attributed here.
Legal & Compliance
- No litigation involving "Recur Club Technologies Private Limited" as a named party found on Indian Kanoon, search returned only incidental keyword matches, no cases with the company as party. None found / not obtained beyond that.
Competitive Landscape
- Yubi, ex-CredAvenue, large, GetVantage (mid), Velocity (mid), Klub (mid), Efficient Capital Labs (early/mid), Uncapped (global peer)
Frequently Asked Questions
What does Recur Club Technologies Private Limited do?
Recur Club operates an AI-driven debt-financing marketplace that matches Indian startups and SMEs with lenders, evaluating factors such as revenue velocity, customer churn, and business momentum.
What is the CIN of Recur Club Technologies Private Limited?
The CIN of Recur Club Technologies Private Limited is U72900DL2021PTC381973.
What is the GSTIN of Recur Club Technologies Private Limited?
The GSTIN of Recur Club Technologies Private Limited is 07AALCR0455N1ZY, registered in Delhi on 16 July 2021 as a 'Supplier of Services'.
When was Recur Club Technologies Private Limited incorporated?
Recur Club Technologies Private Limited was incorporated in 2021.
Where is the registered office of Recur Club Technologies Private Limited located?
The registered office of Recur Club Technologies Private Limited is located at A-703 Lovely Home Apartment, Plot-5, Sector-5, Dwarka, South West Delhi, Delhi, India - 110075.
Sources
TheCompanyCheck (registry name/status/financials), Falconebiz (directors + DINs), Tofler (PAN, capital, charges, margins), Masters India (GSTIN 07AALCR0455N1ZY), Inc42 & Entrackr & The SaaS News (funding), Indian Kanoon (legal). IndiaFilings/MCA-mirror corroboration on incorporation & capital.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.