Company Intelligence Profile
Recur Club Technologies Private Limited
AI-driven debt-financing marketplace matching Indian startups and SMEs with lenders; Delhi-registered, DPIIT-recognised, backed by InfoEdge Ventures.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Recur Club Technologies Private Limited |
|---|---|
| CIN | U72900DL2021PTC381973 |
| PAN | AALCR0455N (derived from GSTIN 07AALCR0455N1ZY; corroborated by Tofler) |
| Status | Active (Private Limited, Non-govt company) |
| Listing | Unlisted / privately held |
| Incorporated | 07 June 2021 |
| ROC | RoC-Delhi (Delhi I) |
| Sector (NIC) | Other computer related activities (NIC group 7290 — maintenance of websites/creation of multimedia presentations etc.); operationally a fintech debt marketplace |
| Registered address | A-703 Lovely Home Apartment, Plot-5, Sector-5, Dwarka, South West Delhi, Delhi, India - 110075 |
| Authorized capital | ₹10,00,000 (₹10 Lakh) |
| Paid-up capital | ₹1,00,000 (₹1 Lakh) |
Business Overview
Confirmed- Recur Club operates an AI-native debt marketplace ("Capital Reimagined") that matches borrowers (startups and SMEs) with suitable lenders by evaluating revenue velocity, customer churn and business momentum, offering "autopilot" debt financing with less friction
- Founded 2021 by IIT/IIM alumni Eklavya Gupta and Abhinav Sherwal
- originally a revenue-based/recurring-revenue financing platform, later expanded into a broader debt marketplace and new debt products, including expansion into Tier-2/Tier-3 cities
- DPIIT-recognised startup
Directors & DINs
Confirmed3 directors (source: Falconebiz, DINs confirmed by 2 sources):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Abhinav Sherwal | 09195854 | Director, appointed 07 Jun 2021 co-founder | 07 Jun 2021 |
| Eklavya Gupta | 09614389 | Director, appointed 15 Jun 2022 co-founder | 15 Jun 2022 |
| Amar Anil Ummat | 10136996 | Director, appointed 04 May 2023 | 04 May 2023 |
GST Registration
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07AALCR0455N1ZY | Delhi | AALCR0455N (derived from GSTIN 07AALCR0455N1ZY; corroborated by Tofler) | Active |
| 06AAFCF3979B1ZO | Haryana | AALCR0455N (derived from GSTIN 07AALCR0455N1ZY; corroborated by Tofler) | - |
Primary GSTIN: 07AALCR0455N1ZY — Delhi (state code 07), Regular taxpayer, Active, registered 16 Jul 2021, Private Limited, "Supplier of Services". PAN: AALCR0455N. Home state: Delhi. Number of registrations: 1 confirmed (no additional GSTINs surfaced). NOTE (entity-confusion trap): a separate GSTIN 06AAFCF3979B1ZO under the "Recur Club" brand exists on a DIFFERENT PAN (AAFCF3979B) — NOT attributable to this company/CIN.
Financials
Partial / conflicting- Standalone (MCA/registry figures)
- Latest audited FY ending 31 Mar 2024: Revenue ₹10.97 Cr, down ~47% YoY (source: TheCompanyCheck)
- Prior FY ending 31 Mar 2023: Revenue in ₹10-25 Cr band (~₹20-21 Cr implied), reported +1108% revenue growth that year (source: Tofler)
- Margin ratios (Tofler, FY Mar-2023): Operating margin 66.37%, Net profit margin 50.02%, ROCE -57.17%, Debt-to-Equity -2.1
- Exact EBITDA / PAT / Net worth / Total borrowings: not obtained (behind Tofler Pro / TheCompanyCheck premium paywalls)
- Last AGM 30 Sep 2024
- latest balance sheet date 31 Mar 2024
- Consolidated vs standalone: figures are standalone entity-level
- platform-wide debt disbursed (marketing figures) is separate and not entity revenue
Funding
Partial / conflictingPlatform/brand-level rounds (note: raised under the "Recur Club" brand; equity may sit in a group/holding entity rather than this exact CIN — treat as platform funding):
| Seed | ~$30M (equity + debt), announced Apr 2022, led by InfoEdge Ventures and Village Global; other participants incl. Titan Capital (Kunal Bahl, Rohit Bansal), Aditya Birla Finance, InCred, Adept Ventures, Lykke Capital, PointOne Capital (source: Inc42, Entrackr) |
|---|---|
| Series A | $50M total = ~$8M equity + ~$42M debt allocation; equity led by InfoEdge Ventures with LC Nueva, Physis Capital, String Ventures, iA finvolve; debt from InCred, U GRO, Lighthouse Canton (source: The SaaS News, Inc42) |
Competitors
Partial / conflictingYubi (ex-CredAvenue, large), GetVantage (mid), Velocity (mid), Klub (mid), Efficient Capital Labs (early/mid), Uncapped (global peer)
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Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.