Suresh: 10club raised $7M equity and $32M debt, deploying $6M for acquisitions
Bhavna Suresh · India’s Spending Habits, ONDC, Building 10club & More I Bhavna Suresh I Neon Show · Dec 6, 2023 · at 6:57
Bhavna Suresh, founder and CEO of e-commerce roll-up firm 10club, breaks down the capital structure and debt deployment of the company's initial funding round.
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“We raised seven million in equity. We raised thirty two million in debt, and that was our 40 together stitched up round. We got 506 hundred more after the round, and that's how it became 40. Out of the thirty two million, we used six million for pure acquisition.”
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