MeitY Startup Hub and Recur Club team up to improve investments in tech start-ups

5 Aug 2022 , 03:54 PM

To create a thriving start-up environment in India, Ministry of Electronics and Information Technology Startup Hub (MSH) has teamed with Recur Club Technologies Private Limited, a top finance platform. This partnership intends to provide instant non-dilutive growth funding to startups and small enterprises in IT/ITes and Electronics that are tackling real-world issues using technology and innovation.

Recur Club and MSH will develop an awareness program for upskilling start-ups and small enterprises. Additionally, they will support and nurture start-ups that focus on growth strategy, effective capital management, monitoring key performance indicators, and alternative funding options. The combined efforts of the two organizations will support Indian startups in their endeavors and provide unparalleled value to the nation’s entire startup ecosystem.

The Ministry of Electronics and Information Technology (MeitY) developed the MeitY Startup Hub (MSH) with the goal of enhancing the Indian tech startup ecosystem. By utilizing their extensive network of subject matter and domain experts.

Recur Club is a financing platform that makes it possible for enterprises with recurring revenue to swap contracts or subscriptions and get upfront money without having their ownership diluted. Additionally, the firm has opened up a brand-new asset class to streamline how businesses obtain finance. With the click of a button, businesses can transform their monthly recurring revenue into up-front growth financing.