The lifestyle hospitality platform, The Quorum Club, has secured an undisclosed investment amount in a pre-Series A round led by Gruhas. Gruhas, an early-stage investment firm founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana, has acquired a 5% stake in the Gurugram-based company. The Quorum Club intends to utilize the funds for expansion and to venture into various regions across India, as stated in a press release.
Founded in 2018 by Vivek Narain and Sonya Jehan, The Quorum Club is a lifestyle hospitality brand operating three distinct brands: The Quorum, district 150, and The Business Quarter. The company has gained traction in the corporate, startup, and investor communities with its Quorum Club establishment at One Horizon Centre in Gurugram.
The company announced its third club in 2022, emphasizing the integration of lifestyle into the work routine. It is expanding its co-working portfolio under the brand name “The Business Quarter” (TBQ), offering hospitality-powered spaces co-located with its clubs.
Furthermore, The Quorum Club plans to introduce a premium 110-seat co-working facility in Hyderabad and extend its Mumbai branch to accommodate 451 seats. Gruhas specializes in equity and debt investments across various sectors including proptech, cleantech, and media and entertainment. The firm recently co-led its inaugural investment of Rs 9.25 crore in the direct-to-consumer (D2C) innerwear brand Bummer, which gained fame on Shark Tank. This fundraising activity was exclusively reported by Entrackr on March 8th.
