Bengaluru: 10club, the Bengaluru-based company raised $40 million in seed funding rounds. The equity and debt round was led by Fireside Ventures, a backer of brands such as boAt earphones and skincare brand Mamaearth and an international investor.
Other investors include Heyday, a US-based startup running a similar model, Class 5 Global, an American micro VC firm, logistics player PDS International and Secocha Venture, an investment firm led by Fevicol-maker Pidilite’s Sanket Parekh, the startup said on June 29.
10club, which follows the widely successful model of the US-based startup Thrasio, was founded in late 2020 by Bhavna Suresh, Class 5 Global’s Joel Ayala and Deepak Nair.
Suresh was earlier the CEO of Philippines-based real estate marketplace Lamudi. She had originally planned to start up with former Uber executive Utsav Agarwal, who later left to start his own Thrasio-style venture Evenflow as reported by Moneycontrol.
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