Quorum Club: Hospitality brand Quorum Club secures pre-Series A funding led by Gruhas
Lifestyle hospitality brand Quorum Club has secured an undisclosed amount in a pre-series A funding round led by Gruhas, an investment firm cofounded by Zerodha cofounder Nikhil Kamath and construction equipment manufacturer Puzzolana group president Abhijeet Pai.
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The funding round also witnessed participation from other shareholders including Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group, and Karanpal Singh.
With the investment, Gruhas has acquired a 5% stake in Quorum Club, Quorum Club said in a statement.
Founded in 2018 by Vivek Narain and his wife Sonya Jehan, Quorum Club operates three brands—Quorum, a subscription-based members-only club, District 150, a meetings and events space, and Business Quarter, a coworking space.
It currently has three clubs in Gurgaon, Hyderabad and Mumbai, and is aiming to expand its footprint by opening 6-7 such outposts in cities like Bengaluru, Goa and Delhi over the next five years.
With a current membership base of around 2,800 individuals, including high-profile entrepreneurs and c-suite executives, Quorum envisions a diverse membership encompassing social media influencers, and individuals in creative fields.
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“Our target membership is a cross-section of society. We want interesting people doing interesting things like young entrepreneurs, professionals in the creative field, chairman of companies…it’s not just a CEO’s club, or a C-suite club,” Narain said.Quorum Club has 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. It has achieved a top-line growth of 70% to 80% over the last two-and-a-half years, with expectations of continued momentum in 2024 and 2025, Narain said.
On January 10, ET reported that Gruhas has partnered with Mumbai-based creative talent management firm Collective Artists Network to establish a Rs 150-crore fund that aims to back 10-15 consumer startups in areas such as fashion, lifestyle and others.
Following the Covid-19 pandemic, various paid community platforms and networks have gained traction in India, including Offline, launched by angel investor Utsav Somani, and Leap Club, a social platform for women professionals.
Lifestyle hospitality brand Quorum Club has secured an undisclosed amount in a pre-series A funding round led by Gruhas, an investment firm cofounded by Zerodha cofounder Nikhil Kamath and construction equipment manufacturer Puzzolana group president Abhijeet Pai.
![]()
The funding round also witnessed participation from other shareholders including Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group, and Karanpal Singh.
With the investment, Gruhas has acquired a 5% stake in Quorum Club, Quorum Club said in a statement.
Founded in 2018 by Vivek Narain and his wife Sonya Jehan, Quorum Club operates three brands—Quorum, a subscription-based members-only club, District 150, a meetings and events space, and Business Quarter, a coworking space.
It currently has three clubs in Gurgaon, Hyderabad and Mumbai, and is aiming to expand its footprint by opening 6-7 such outposts in cities like Bengaluru, Goa and Delhi over the next five years.
With a current membership base of around 2,800 individuals, including high-profile entrepreneurs and c-suite executives, Quorum envisions a diverse membership encompassing social media influencers, and individuals in creative fields.
Discover the stories of your interest
“Our target membership is a cross-section of society. We want interesting people doing interesting things like young entrepreneurs, professionals in the creative field, chairman of companies…it’s not just a CEO’s club, or a C-suite club,” Narain said.Quorum Club has 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. It has achieved a top-line growth of 70% to 80% over the last two-and-a-half years, with expectations of continued momentum in 2024 and 2025, Narain said.
On January 10, ET reported that Gruhas has partnered with Mumbai-based creative talent management firm Collective Artists Network to establish a Rs 150-crore fund that aims to back 10-15 consumer startups in areas such as fashion, lifestyle and others.
Following the Covid-19 pandemic, various paid community platforms and networks have gained traction in India, including Offline, launched by angel investor Utsav Somani, and Leap Club, a social platform for women professionals.
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