Klub backed Daalchini aims to cross ₹100 crores ARR in the next 12 months
Daalchini, India’s pioneering full-stack retail-tech startup founded in 2018 by ex-Paytm executives Prerna Kalra and Vidya Bhushan backed by Klub, India’s largest Revenue Based Financing company, announced today that it aims to cross ₹100 crores ARR in the next 12 months.
The company operates through a network of more than 1600 vending machines across 45+ cities in India. These IoT-enabled ‘phygital’ (physical+digital) vending machines and smart stores are transforming the snacking landscape, offering affordable and healthy snacks, along with home-style meals.
Daalchini has recorded remarkable growth, doubling its turnover with ₹25 crores net revenue and achieving a staggering 123% CAGR. The company aims to cross ₹100 crores ARR in the next 12 months, showcasing its commitment to continuous expansion and market dominance. Currently, the Daalchini app has more than 5 lakh monthly active users.
Daalchini’s success is further amplified by its partnership with Klub, a revolutionary Revenue-Based Financing company. Klub’s funding model, characterized by 0% equity dilution, has played a pivotal role in Daalchini’s growth story. Prerna Kalra, co-founder of Daalchini, stated, “Our journey has been nothing short of extraordinary. With Klub’s support, we’ve redefined the retail-tech landscape, and our focus remains on delivering innovative snacking solutions while maintaining financial sustainability.”
Daalchini is already an operationally profitable venture and boasts an impressive clientele that includes industry giants such as Reliance, Aditya Birla Group’s Hindalco, IBM, Accenture, Wipro, Samsung, Vodafone, and many others.
Providing a high-return customer acquisition platform for D2C brands, Daalchini has collaborated with more than 200 brands, including Sleepy Owl, The Whole Truth Foods, Open Secret, Yoga Bar, Slurrp Farm, BRB, Cremica Opera, Cravova, Millet Bowl, Yogapulp, as well as industry giants like Dabur, Nestle, and Mars.
About Klub
Klub, India’s leading Revenue Based Financing platform, provides flexible funding up to Rs. 30 crores to digital businesses and SMEs with recurring revenue. The company partners with leading NBFCs, HNIs, financial institutions, and its own SEBI registered fund to provide growth capital. Klub offers different capital structures for businesses across all stages (early, growth & late) for recurring marketing, inventory, and capex expenses. The company has deployed more than 1200 investment rounds enabling growth for 500+ brands across India. Klub raised $20 million in seed funding from Sequoia Capital India’s growth program Surge, US-based Alter
Global, Japan-based GMO VenturePartners, and 9Unicorns in 2021. For more information, visit www.klubworks.com
About Daalchini
Daalchini Technologies, founded by ex-Paytm executives Prerna Kalra and Vidya Bhushan in 2018, is a retail-tech startup that offers a platform for autonomous retail solutions like vending machines, micro-markets, and automated kiosks. It provides 24/7 access to affordable, healthy snacks and home-style meals through IoT-enabled ‘phygital’ vending machines across India.
With a network of over 1600 vending machines in 45+ cities and partnerships with over 200 brands, Daalchini’s platform supports D2C brands with high-return customer acquisition and real-time digital insights, while offering entrepreneurial opportunities for franchise partners.
Currently, Daalchini has more than 5 lakhs monthly active users.
The company has raised USD 4 million in a Series A round in September 2022, backed by notable investors and plans to increase its retail points to over 5,000 in the next 12-18 months.
