NimbusPost partners with Klub to facilitate instant settlements for eCommerce merchants

Gurugram-based tech-enabled shipping aggregator NimbusPost recently announced a strategic alliance with Klub, a growth enablement platform to offer flexible, non-dilutive growth capital and flexible debt financing solutions of up to Rs 30 crore to its 100K+ merchants.

Empowering online sellers

Through this partnership, Klub, with its advanced risk and analytics models, aims to empower online sellers in their growth journey and reduce the turnaround time of Cash-on-Delivery (COD) remittances to merely one day.

Such swift transactions empower eCommerce merchants to promptly access the revenues they've earned, thereby bolstering their financial liquidity and operational agility, the company said in a statement.

What does Nimbuspost do?

NimbusPost is one of India’s leading tech-enabled gateways for startups and entrepreneurs, enabling quick and hassle-free shipping solutions with the widest delivery reach and 24x7 customer support.

The company claims to have a vast operational footprint that spans more than 29,000 pin codes and facilitates over 2 million transactions daily. 

It registered operating revenue of Rs 114 crore in FY23—more than doubling from Rs 54 crore earned in FY22, as per financial statements filed with the Ministry of Corporate Affairs.

Leadership comments

Commenting on the partnership, Naveen Mathur, Chief Business Officer at NimbusPost, said, “At NimbusPost, we're all about crafting solutions that meet our merchants' changing needs. Presently, several eCommerce merchants have to compromise on business expansion due to inadequate capital, which eventually obstructs their growth."

"We aim to empower our clients by backing their business growth through financial stability. Partnering with Klub for instant settlements will be a game-changer as it will speed up COD settlements and boost merchant satisfaction. With over 1,00,000 merchants benefiting, Klub is the perfect fit for our journey ahead," Mathur said.

Anurakt Jain, co-founder and CEO at Klub, said, “Our collaboration with NimbusPost showcases Klub's dedication to seamless, plug-and-play solutions. Rapidly integrating our platform into their customer journey, we've slashed settlement cycles to a mere 1 day. This pivotal partnership not only addresses critical challenges but also underscores Klub's position as a premier embedded platform, joining our roster of other strategic alliances within the fintech ecosystem.”