Bengaluru-based luxury chocolate brand SMOOR has raised growth financing from revenue-based financing platform Klub.
The amount raised will be primarily used to sustain SMOOR’s current growth momentum as it gears up for geographical and product expansion.
The funds raised from Klub will act as a bridge for SMOOR until it raises Rs 50 crore by the end of 2021.
“Our industry is at an inflection point where we are seeing a stark rise in the popularity of our products. As chocolates become a preferred snacking option for consumers, the demand is set to skyrocket across the country,” said Vimal Sharma, founder-director & CEO, SMOOR.
