# 10club

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/10club

- Industry: Consumer Products
- Headquarters: Bangalore, India
- Website: www.10club.team
- Total disclosed funding: $40M
- Latest round: Seed (Jun 29, 2021)
- Investors on record: 5

## About

Based in India, 10club is a provider of an ecommerce platform enabling businesses to create and manage their online stores effectively.10club, founded in 2021 in Bangalore, India, offers a specialized ecommerce platform for businesses. The company has successfully completed 3 deals, with their latest funding round being a Seed round in June 2022, raising USD 40.00 mn from investors including Class 5 and Fireside Ventures. The founders, Bhavna Suresh and Deepak Nair, have worked towards establishing a strong presence in the ecommerce sector.10club's primary offering is an ecommerce platform designed to empower businesses of all sizes to create and manage online stores. This software provides users with tools for storefront customization, inventory management, and payment processing, catering primarily to small to medium-sized enterprises (SMEs) looking to establish a digital presence. The platform serves a diverse clientele across various industries, including retail, fashion, and consumer goods, and operates in multiple markets, including North America, Europe, and Asia.For the year 2023, 10club reported a revenue of USD 7.86 mn, with an EBITDA of USD -4.86 mn. The company’s revenue model is based on a subscription structure, allowing clients to pay monthly fees for access to various tiers of service, alongside transaction fees on sales made through the platform, thereby supporting both B2B and direct-to-consumer transactions.10club plans to leverage its recent Seed funding of USD 40.00 mn to enhance its ecommerce platform by developing new products aimed at improving user experience and expanding service offerings. Additionally, the company aims to target further market expansion into regions such as Southeast Asia and the Middle East by the end of 2024. The funds raised in June 2022 will be utilized to support these growth initiatives and enhance operational capabilities.

## Funding rounds

- Seed, Jun 29, 2021, $40M — Hey, Inc., Fireside Ventures, Secocha Ventures, Class 5, PDS International Pvt. Ltd.

## Investors

- Hey, Inc. — Seed
- Fireside Ventures (https://capitalatlas.ai/funds/fireside-ventures) — Seed
- Secocha Ventures (https://capitalatlas.ai/funds/secocha-ventures) — Seed
- Class 5 (https://capitalatlas.ai/funds/class-5) — Seed
- PDS International Pvt. Ltd. — Seed