Revenue-based Financing Platform GetVantage Raises $36 Million
GetVantage, a Mumbai-headquartered revenue-based financing platform for digital-first businesses, has raised $36 million in a growth round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund.
Co-led by returning investors Chiratae Ventures and Dream Incubator Japan, the funding round also saw participation from new investors Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office, among others.
As per GetVantage, the raised capital will be utilised to grow its performance-based financing solution and embedded finance product, enhance technology infrastructure, scale its product suite and expand its growing portfolio of business-to-business SaaS and subscription-driven businesses. Additionally, the revenue-based financing platform will also explore new markets across Southeast Asia.
GetVantage | Revenue-based Financing Platform
Founded by Bhavik Vasa and Amit Srivastava in 2019, GetVantage is a Mumbai-headquartered revenue-based financing platform for digital-first businesses. Its data-driven platform empowers founders with access to US$ 25,000 – US$ 500,000 in non-dilutive capital.
Speaking on the development, Bhavik Vasa, Founder and CEO of GetVantage, said,
“We’re thrilled to welcome Varanium NexGen Fund, DMI Sparkle Fund, Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office to our growing team of phenomenal investors and advisors to further our mission to help India’s new economy and brands unlock revenue potential on their terms.”
The revenue-based financing platform claims to have funded over $270 million in Gross Merchandise Value (GMV) for over 350 brands across 18 categories, including B2B SaaS and subscription, Direct-to-Commerce, ecommerce, edtech, healthtech, cloud kitchens, and nutrition. It has 200+ portfolio brands, including Rage Coffee, Naagin, Arata, BoldCare, Zymrat, and others.
Leveraging its network of over 50 platform partnerships, GetVantage offers access to ecommerce enablement solutions such as marketing, sales, logistics, payment gateways, and others. In this segment, GetVantage competes with the likes of Klub, Velocity and N+1 Capital.