The company is using capital raised through Klub to ramp up inventory/production and has grown at a monthly CMGR of 100%
Arcatron Mobility, a Pune-based assisted living startup that manufactures next-generation mobility devices, has raised an undisclosed amount in growth financing through Revenue Based Financing platform, Klub. The company is using capital raised through Klub to ramp up inventory/production and has grown at a monthly CMGR of 100%.
Founded in 2015, Arcatron is building premium mobility products to advance global standards of assisted living and make them dignified and safer. With a wide range of mobility aids that include wheelchairs & wheelchair accessories, toilet & bathroom aids, sleeping aids, etc. the brand has proven instrumental in enhancing the lives of people with limited mobility and elderly care needs. Last year, Arcatron launched a premium range of customized Covid-19 products to protect its customers. The success of this new line has wholly revolutionized the trajectory of the company. With Klub’s investment, Arcatron Mobility intends to build up inventory to match the increasing demand for these products.
Klub is the world’s first community-focused Revenue Based Financing platform that provides growth financing to homegrown consumer brands. Revenue Based Financing (RBF) takes a revenue share as returns instead of equity dilution or fixed EMIs. Klub provides capital for high ROI, cyclical spending like marketing, inventory, Capex etc. that works well for online first brands across direct-to-consumer and online marketplace sellers. Arcatron Mobility has consistently been a category leader on marketplaces and with Klub financing, the brand is scaling on the shoulders of fast-paced innovation and building up inventory.
Speaking on the capital raise, Ganesh Sonawane, Co-founder & CEO, Arcatron Mobility, said, “We started Arcatron to build world-class mobility devices and offer assistive, adaptive, and rehabilitative devices for people with limited mobility. Arcatron has grown year on year at ~250% and in Klub we have found the perfect growth partner. We are seeing a constant uptick in demand and with Klub capital, we aim to build inventory and ramp up production. For niche brands like us, Klub is an ideal investment platform offering flexible, non-dilutive growth capital.”
Commenting on this Anurakt Jain, CEO & Co-founder, Klub said, “Arcatron’s simple design thinking approach and range of mobility products has propelled the demand for its products. Klub’s revenue-based financing will help Aractron scale up operations and build inventory for solving the unmet needs of focus segments. We aim to back challenger brands that have strong fundamentals, great products, and the potential to scale rapidly.”
In the last year alone, Klub has deployed capital to more than 80 brands across the country including leading consumer brands and marketplace sellers like Wellbeing Nutrition Tjori, The Man Company, Magic Crate, Stage3, Pipa Bella, and many more. With the season sales approaching, Klub aims to support over 350 brands by providing capital for ramping up inventory and marketing.
Source: Business World
