Vinculum Group Completes First Tranche of Series C Funding to fuel Global Growth Plans

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· Delhivery led the round as an anchor corporate investor
· Accel Partners, an early investor in Vinculum, participates in the round

· Recur Club provides debt financing
· Series C round a mix of equity and debt funding
· Funding to support Vinculum’s Global expansion plans

New Delhi, July 2023: Vinculum Group, a leader in omnichannel retail SaaS solutions, had
previously announced in May 2023, the signing of their Series C funding round subject to closing
conditions. The company has subsequently confirmed the closing of the first tranche of its
Series C funding. The funding round, comprising a mix of equity and debt, was spearheaded by
logistics services provider, Delhivery as the anchor corporate investor. Early investor Accel
Partners also participated in the round, demonstrating their continued support for the company’s
growth. Recur Club provided debt financing as part of the funding.
The founders of Vinculum, have increased their stake in the company, solidifying their commitment to
Vinculum Group’s long-term success and future prospects. The Series C funding serves as a solid
foundation for Vinculum’s ambitious expansion strategy and fortifies its growth objectives on a global
scale.
Eklavya Gupta, Co-Founder, and CEO at Recur Club, said: “We draw inspiration from success stories
like Vinculum. At Recur Club, we take pride in not only offering upfront growth capital but also in
providing a suite of growth products that enable companies like Vinculum to scale seamlessly. Our
commitment lies in supporting and empowering businesses to achieve their full potential and realize their
growth ambitions.”
“We are thrilled with the successful completion of the first tranche of our Series C round,” stated Venkat
Nott, CEO of Vinculum Group. “This funding round reaffirms the tremendous potential and allure of SaaS
software and the omnichannel retailing sector. With these funds, we aim to make several strategic
growth hires, further solidifying our market leadership position. Additionally, we will accelerate our
product development efforts, allowing us to deliver unmatched value to our clients worldwide.”
In its pursuit of attracting and recognizing top talent, Vinculum has taken a significant step by
substantially expanding its ESOP pool. This move demonstrates the company’s commitment to fostering
a dynamic and talented workforce. By bolstering the ESOP Pool, Vinculum aims to attract exceptional
growth-oriented team members who embody the right values and ethos. Additionally, the company
envisions creating microcosms of its organization in strategic locations, bringing its services closer to
customers and ensuring a seamless and personalized experience for clients worldwide.

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