DASH, a tech-driven go-to-market channel for brands in Tier-III markets, has received a line of credit of $1 million in non-dilutive capital through Recur Club, a financing platform that assists in converting recurring income streams of businesses into immediate and upfront funding.
DASH is a technological platform that, through its network of digitally interconnected demand aggregators and fulfillment partners, makes the Tier-III market more accessible for brands in the FMCG and food commodities categories. More than 200 brands are presently using it to improve their market penetration in Tier-III. 2000+ partners have been onboarded by DASH in 5 locations, and orders are delivered to their doorstep within 24 hours.
“We have a unique working model where we harness technology and the entrepreneurial spirit of locals to tackle ingrained difficulties in sales and supply for brands,” stated Ajay Nain, founder of DASH. By the end of September 2022, we hope to reach 100 crores in annual revenue, expanding at a pace of 32% CMGR. Our model guarantees quick inventory turnover, and we just need one week’s worth of operating capital. We are pleased to have teamed with the Recur Club to address this on a larger scale.
“As founders ourselves, we truly understand the amount of time, effort, and paperwork it takes to obtain finance through equity or debt,” said Mr. Amar A Ummat, Founding Partner of Recur Club. Recur Club is obsessed with assisting entrepreneurs like Ajay Nain by providing a brand-new avenue for financing their expansion without diluting their equity.
Within 48 hours, our ground-breaking underwriting engine with AI/ML support links to the company’s data on the go and unlocks its trading limits. Recur Club is the quickest way to get cash in the bank.
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