GetVantage, a Mumbai-primarily based fintech platform pioneering revenue-based financing (RBF) for ecommerce and online companies throughout India and Southeast Asia, on Tuesday introduced that it had raised $5 million in a seed spherical.
The capital raised is a aggregate of fairness and debt-line (cash it is able to use for investment companies), and led through Chiratae Ventures (previously IDG Ventures) together with Dream Incubator (Japan) and different marquee NBFCs and debt funds.
With this investment, GetVantage pursuits to empower India’s younger ecommerce manufacturers and burgeoning D2C zone to acquire scale and profitability objectives sustainably.
“As customers have shifted on-line, greater agencies are searching at how they could take gain of this virtual shift and the sizeable financial possibilities that include it.
“GetVantage is designed to assist loads of small companies proprietors with instant and honest get right of entry to to the capital they want to harness those new increase possibilities,” stated Bhavik Vasa, Founder, GetVantage.
Founded much less than a yr in the past with the aid of using pro fintech entrepreneur Bhavik Vasa (ex-ItzCash, ex-EbixCash), tech and ops veteran Amit Srivastava (ex-SBC FinTech), and Sachin Tagra (ex-Brand Capital) as incubate advisor, GetVantage’s fintech platform leverages an collection of income, advertising, and accounting information to provide increase capital for companies primarily based totally on contemporary and projected (future) sales in a fragment of the time it takes to elevate from conventional sources.
By empowering small commercial enterprise proprietors to consciousness on revenues, GetVantage claims that it affords founders among Rs 20 lakh and Rs 2 crore of non-dilutive increase capital.
GetVantage’s portfolio consists of manufacturers throughout ecommerce and direct-to-consumer (DTC) categories, inclusive of edtech, e-learning, B2B SaaS and subscription-primarily based services, non-public care, domestic care, fitness foods, and style and apparel.
Unlike conventional investment sources, GetVantage doesn’t require commercial enterprise proprietors to give up equity or manage thru board seats, or warrants.
“We’re speedy seeing RBF becoming a desired investment technique for founders and startups seeking to pressure increase because it sits on the candy spot between equity financing and debt, with none of the downsides. Our information-pushed method is primarily based totally on performance. We hook up with a customer’s present income and advertising platforms, like Shopify, Stripe, Google, and Facebook,” Bhavik stated.
GetVantage formerly raised a pre-seed spherical from early-degree investors, inclusive of Samyakth Capital, Venture Catalysts, Astir Ventures, and angels like Jana Balan, Vaibhav Karnavat (Glance Finance), Karun Arya, (Oriente, ex-Uber), Vivek Awasthi (CurrenciesDirect), Soham Avlani (9Unicorns), CA Anuj Golecha, and others.
In the subsequent years, the corporation will make bigger into new markets throughout Southeast Asia, beginning with Singapore.
