NimbusPost partners with Recur Club to provide financing option to its sellers

Gurugram-based ecommerce logistics and shipping software solution provider NimbusPost has partnered with alternative financing platform Recur Club.

According to the company's statement, The partnership aims to provide financing options to its clientele base of more than 80,000 e-commerce sellers for marketing and inventory spending, allowing better cash flow. 

Seller-partners will be able to avail of growth capital of up to Rs 20 crore, the company said in a statement.

''Eligible e-commerce sellers on the NimbusPost platform can avail of flexible, transparent, non-dilutive, and repetitive growth capital of up to Rs 20 crore to amplify their growth,'' the statement added. 

NimbusPost Founder and Chief Executive Officer Yash Jain said, ''Many e-commerce sellers out there have to pause their business expansion plan because of lack of funds, which directly hampers their business growth. Our partnership with Recur Club will help NimbusPost sellers to grow inventory and other cyclic spending without stressing over equity dilution.'' 

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