Klub, a revenue-based financing platform, announced the appointment of 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, a statement said.
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.”
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.
“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.
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, the statement said.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.