GetVantage, India’s market-leading revenue-based financing fintech & growth platform for SMEs, raised a $36 million growth funding, bringing GetVantage’s total funding raised to over $40 million.
The round was led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and returning investors Chiratae Ventures and Dream Incubator Japan. Other new investors who participated in this round include Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office amongst others.
The new investment will power the growth of GetVantage’s pioneering performance-based financing solution and embedded finance product, enhance technology infrastructure, scale its product suite to meet the evolving needs of fast-growing digital businesses, expand its growing portfolio of B2B SaaS and subscription-driven businesses, and explore new-market opportunities across Southeast Asia.
Aparajit Bhandarkar, Partner, Varanium Capital, will join GetVantage’s board of directors.
Company: GetVantage Tech Pvt. Ltd.
Raised: $36.0M
Round: Growth Funding
Funding Month: June 2022
Lead Investors: Varanium Nexgen Fintech Fund, DMI Sparkle Fund, Chiratae Ventures, and Dream Incubator Japan
Additional Investors: Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office
Company Website: https://getvantage.co/
Software Category: Revenue-Based Financing and Growth Platform
About the Company: Co-founded by fintech Bhavik Vasa and Amit Srivastava, GetVantage is India’s leading Revenue-Based Financing platform providing fast, fair, flexible equity-free capital to digital SMEs. Launched in 2020 by seasoned fintech entrepreneur Bhavik Vasa and Tech & Ops veteran Amit Srivastava and headquartered in Mumbai, GetVantage makes data-driven investments up to US$ 500k to hypercharge growth for digital brands. GetVantage’s mission is to reimagine venture finance for founders and entrepreneurs looking to fuel growth without giving up control of their businesses. They empower business owners by providing them with the growth solutions they need to unlock their true potential - from affordable, non-dilutive capital to real-time marketing insights and other business resources through our extensive partner ecosystem. To date, GetVantage’s revenue-based financing marketplace has funded over US$270 million (₹ 2,200 crores) in GMV for over 350+ brands across 18 categories ranging from B2B SaaS & subscription businesses, D2C, eCommerce, edtech, health tech, cloud kitchens, and nutrition, amongst others.
Source: https://saasdekho.com/getvantage-raises-us-36-million-to-expand-its-revenue-based-financing-and-growth-platform-to-thousands-of-entrepreneurs/