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DASH, a technology-led tertiary market brand to market access, raised $1 million in non-dilutive capital through Recur Club, a financing platform that helps convert businesses’ recurring revenue streams into immediate and up-front funding .
“We have a unique operating model where we leverage technology and local entrepreneurship to overcome deep-rooted challenges in brand sales and supply. We are growing at a 32% CMGR growth rate and hope to reach 1 billion ARR by 2022 Ending September. Our model ensures quick inventory turnover and our working capital needs are only a week. But this needs to be addressed at scale and we are delighted to be partnering with Recur Club,” said DASH founder Ajay Nain.
DASH is a technology platform that makes it easier for brands in the FMCG and food commodities space to enter the tertiary market through its digitally connected network of demand aggregators and fulfillment partners. Currently helping more than 200 brands to further penetrate the tertiary market. In a statement, the company claimed that DASH has worked with more than 2,000 partners across five locations and delivered orders within 24 hours of placing them.
“As founders ourselves, we deeply understand the time, effort and paperwork required to raise capital through equity or debt. At Recur Club, we are committed to helping founders like Ajay Nain open up a whole new way of raising capital. Recur Club Founding Partner Amar A Ummat said our revolutionary AI/ML powered underwriting engine connects with the company’s mobile data and unlocks its transaction limit within 48 hours.
sprint is a technology-led go-to-market channel helping brands in the FMCG and food merchandise space through its network of digitally connected demand aggregators and fulfillment partners.