Quorum Club Secures Pre-Series A Funding with Gruhas as Lead Investor

Quorum Club Secures Pre-Series A Funding with Gruhas as Lead Investor

Lifestyle hospitality brand Quorum Club has recently announced securing an undisclosed amount in a pre-Series A funding round, with Gruhas leading the investment. This funding round saw participation from notable shareholders such as Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group, and Karanpal Singh.

Founded in 2018 by Vivek Narain and Sonya Jehan, Quorum Club offers a range of hospitality services under three distinct brands—Quorum, District 150, and Business Quarter. The company presently operates in Gurgaon, Hyderabad, and Mumbai, with plans for further expansion.

With a membership base of approximately 2,800 individuals, including prominent entrepreneurs and executives, Quorum Club aims for diversity, welcoming social media influencers and professionals from creative fields. According to Narain, the company’s growth trajectory has been robust, achieving a top-line growth of 70% to 80% over the last two-and-a-half years, with continued momentum expected in 2024 and 2025.

Quorum Club implements a membership structure with a one-time joining fee ranging from Rs 4 lakh to Rs 5.5 lakh and an average annual fee of about Rs 1.5 lakh, varying across different categories and cities.

——–

If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com.