Other new investors who participated include Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office, amongst others.
“From day one, GetVantage’s mission has been to reshape the landscape of small business finance, so entrepreneurs have more access, choice, and control,” said Bhavik Vasa, founder and CEO of GetVantage. “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.”
The capital infusion is expected to drive growth of the firms’ performance-based financing solution and embedded finance products, enhance technology infrastructure, scale its product suite to meet the evolving needs of fast-growing digital businesses, expand their growing portfolio of B2B SaaS and subscription-driven businesses, and explore new-market opportunities across Southeast Asia.
“By using data to unlock capital access for SMEs, GetVantage is empowering thousands of e-commerce entrepreneurs to grow their businesses on their terms,” said Aparajit Bhandarkar, partner, Varanium Nexgen Fund, who will join GetVantage’s board of directors. “At Varanium, we look to partner with founders and teams that have a bold approach to solving massive problems.”
GetVantage’s RBF marketplace has funded over $270 million in gross merchandise value (GMV) for over 350 brands across different categories, including B2B SaaS, subscription businesses, D2C, eCommerce, edtech, etc.
Discover the stories of your interest
The company provides founders anywhere between Rs 5 lakh and Rs 5 crore of non-dilutive growth capital compared with traditional funding sources, which require business owners to dilute equity or give control via board seats, or warrants.
In 2021, GetVantage saw a 300% year-on-year growth and helped brands achieve an average 1.8 times the revenue growth post funding. GetVantage has built a diverse portfolio that includes clients such as Arata, BoldCare, Eat Better, Jade Forest, Naagin, Nua Wellness, Rage Coffee, Sid Farms, Zymrat, among others.
