Bengaluru-based Klub, a revenue-based financing platform, has onboarded Prashant Bhadauria as Senior Vice President of Technology, Product, and Data. According to Klub, Prashant in his new role would be responsible for leading its team of engineers and product managers in evolving and expanding its technology solutions.
Under Prashant’s leadership, Klub says it aims to grow its technology and product team by 200% in the next six months.
“As equity markets slow down, the need for alternative funding options for businesses to scale has increased exponentially. Prashant has unparalleled understanding and invaluable experience in technology, product, and data gained over 20 years of work. We are confident in expanding our embedded capital platform offering and data-driven capital solutions with his expertise,” said Anurakt Jain, co-founder & CEO at Klub.
Before joining Klub, IIT Bombay alumnus Prashant Bhadauria served as the Vice President of Engineering at ZestMoney and led a 200-member hybrid product engineering team. He improved system scalability and expanded product engineering organization by introducing necessary processes. Apart from this, He was actively involved in product offerings with online marketplaces, payment gateways, and key OEM integrations on the product front, the startup said.
“I have always been driven to provide solutions to make people’s lives a lot easier and more convenient. The way Klub revolutionises funding for digital businesses to grow exponentially is what excites me the most to join them. Klub has a huge opportunity to become a key Revenue Based Financing player across Asia, and I am thrilled to be a part of this team and take this mission forward,” said Prashant Bhadauria talking about his new role.
Klub, through its partnership with leading NBFCs, HNIs, and Financial Institutions, and its own SEBI registered fund, provides growth capital to digital businesses.
The startup offers growth capital to digital businesses without founders having to dilute equity in as less as 48 hours. Since its inception, Klub has funded over 250+ brands with over 500 investment rounds, it adds.