10club raised $40 mn in seed funding
Published On: Tuesday, June 29, 2021 | By: Team KnowMyStock
10club has raised $40 million in seed funding. The funding round was co-led by Fireside Ventures and an international investor active in the space. HeyDay, a leading player in the roll-up space, PDS international, Class 5 Global, Secocha Ventures led by Sanket Parekh, boAt founders Aman Gupta & Sameer Mehta (in their individual capacity) and several other global strategic investors participated in the funding round. The funding will primarily be used for expanding 10club’s portfolio of brands, investing in building its technology stack, and for working capital purposes. Vinay Singh, Partner- Fireside Ventures will join the company’s board. 10club partners with e-commerce product sellers in India by acquiring their businesses. The firm said it works with their teams to help them grow 10x in size.
With its centralized platform model featuring market experts in-house, tech, processes, and playbooks, 10club unlocks growth for these businesses and helps them achieve scale. The company was co-founded by Bhavna Suresh, former CEO of Lamudi; Deepak Nair, former co-founder of 22feet; and Joel Ayala, co-founder of VC firm Class 5 Global.
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