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DASH, a tech-led go-to-market channel for manufacturers in tier III markets, has raised a line of $1 million in non-dilutive capital by way of Recur Membership, a financing platform that helps convert the recurring income streams of companies into immediate and upfront capital.
“We’ve a novel working mannequin the place we leverage expertise and the entrepreneurial spirit of locals to beat deep-rooted challenges of gross sales and provide for manufacturers. We’re rising at a progress charge of 32 per cent CMGR, and trying to contact 100 crore in ARR by the tip of September 2022. Our mannequin ensures quick rotation of stock and our working capital want is only one week. However this must be addressed with scale, and we’re glad to have partnered with Recur Membership for a similar,” mentioned Ajay Nain, founder, DASH.
DASH is a expertise platform that makes the tier III market extra accessible for manufacturers within the FMCG and meals commodities section, through its community of digitally linked demand aggregators and fulfilment Companions. It’s at the moment serving to greater than 200 manufacturers to penetrate the tier III market additional. DASH has on-boarded over 2000 companions in 5 places and delivers to their door-step inside 24 hours of an order, claimed by the corporate in an announcement.
“As founders ourselves, we deeply perceive the period of time, effort, and paperwork it takes to boost capital by way of fairness or debt. At Recur Membership, we obsess about serving to founders similar to Ajay Nain by opening up an altogether new option to finance their progress with out dilution. Our revolutionary AI/ML-backed underwriting engine connects with the corporate’s data-on-the go and unlocks their buying and selling limits inside 48 hours,” mentioned Amar A Ummat, founding companion, Recur Membership.
DASH is a tech-led go-to-market channel that helps manufacturers within the FMCG and meals commodities section through its community of digitally linked Demand Aggregators and Fulfilment Companions.