Lifestyle hospitality brand Quorum Club has secured an undisclosed amount in a pre-series A funding round led by Gruhas, an investment firm cofounded by Zerodha cofounder Nikhil Kamath and construction equipment manufacturer Puzzolana group president Abhijeet Pai, according to ETtech report.
The funding round also witnessed participation from other shareholders including Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group, and Karanpal Singh.
With the investment, Gruhas has acquired a 5% stake in Quorum Club, Quorum Club said in a statement.
Founded in 2018 by Vivek Narain and his wife Sonya Jehan, Quorum Club operates three brands—Quorum, a subscription-based members-only club, District 150, a meetings and events space, and Business Quarter, a coworking space.
“Our target membership is a cross-section of society. We want interesting people doing interesting things like young entrepreneurs, professionals in the creative field, chairman of companies…it’s not just a CEO’s club, or a C-suite club,” Narain said.
