BANGALORE, India, June 13, 2022 /PRNewswire/ — India’s leading revenue-based financing platform, Klub partnered with Bespoke CTO Search firm Purple Quarter to appoint IIT Bombay alumnus Prashant Bhadauria as the Senior Vice President of Technology and Product.
As the SVP at Klub, Prashant would be responsible for leading its team of engineers and product managers in evolving and expanding its technology solutions. Under Prashant’s leadership, Klub is expected to grow its technology and product team by 100% in the next six months.
Anurakt Jain, co-founder and CEO at Klub, shared on the appointment, “As equity markets slow down, the need for alternative funding options for businesses to scale has increased exponentially. Prashant has unparalleled understanding and invaluable experience in technology, product, and data gained over 20 years of work. We are confident in expanding our embedded capital platform offering and data-driven capital solutions with his expertise. The Purple Quarter team accurately understood our mandate for this role and helped us identify the best tech leader, I truly appreciate their effort.”
With a mission to become ‘the largest capital marketplace for new-age businesses’, Klub was founded in 2019 by Ishita Verma and Anurakt Jain. Klub provides new-age businesses with fast, flexible, founder-friendly capital. The company offers growth capital to digital businesses without founders having to dilute equity in as less as 48 hours. Since its inception, Klub has funded over 250+ brands with over 500 investment rounds. To further enhance the tech capabilities and cater to larger markets, Klub trusted Purple Quarter’s expertise to map and locate its C-suite leadership mandate.
“I am happy to be a part of the versatile team at Klub. As the SVP, I will be responsible for creating sustainable tech ecosystems that will accelerate Klub’s existing operations. Together, the team and I will build an efficient capital platform that allows for multiple products and capital providers. I thank Purple Quarter for enabling me with the opportunity. Their transparent streamlined approach has been very helpful,” shared Prashant Bhadauria of his appointment.
Purple Quarter along with team Klub devised a custom plan to understand, map and locate the right tech leader for the tech head position. It was essential to have someone with a diverse portfolio and in-depth knowledge of the tech ecosystem. Prashant Bhadauria was found to be the right fit for the organization’s culture and growing team. With over 21 years of technical expertise, the Ex-ZestMoney techie has worked with cross-functional teams and across multiple projects. His prior stints include companies such as Razorfish and Sapient Corporation among others.
Purple Quarters’ unmatched tech network, extensive talent pool, and comprehensive end-to-end search process have been instrumental in securing multiple key tech heads for the likes of BigBasket, Licious, PharmEasy, Upstox, Urban Company, Vedantu, ACKO, Pratilipi, Rupeek and more.
About Purple Quarter
Purple Quarter is a Bespoke CTO Search firm based out of Bangalore. In just five years, it has mapped out over 10,000+ tech leaders across the globe. With a singular approach, Purple Quarter offers detailed insight into the Tech Leadership hiring space for startups and corporates. The diverse clientele of companies such as Walmart, Swiggy, RBIH, BigBasket, Inmobi, ACKO, PharmEasy, Browserstack, Urban Company, hike, Clari, and many more, reflect Purple Quarter’s unmatched position.
Klub, India’s leading Revenue Based Financing platform, provides flexible funding up to Rs. 30 crores to digital businesses and SMEs with recurring revenues. Based out of Bangalore, the company, in partnership with leading NBFCs, HNIs, Financial Institutions, and its own SEBI registered fund, provides growth capital to digital businesses. Klub offers different capital structures for businesses across all stages (early, growth & late) for recurring marketing, inventory, and capex expenses. The company has deployed more than 450 investment rounds enabling growth for 250+ brands across India to date. Klub raised $20 million in seed funding from Sequoia Capital India’s Surge, US-based Alter Global, Japan-based GMO VenturePartners, and 9Unicorns in 2021. For more information, visit www.klubworks.com
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