$36M led by Varanium Nexgen; raised by GetVantage

GetVantage is a Mumbai-headquartered revenue-based financing platform which has recently raised $36 million in a growth round. The funding round was led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund, along with other investors like Chiratae Ventures, and Dream Incubator Japan.

GetVantage is planning to utilize the fresh growth round in the following ways:

To grow its financing solution and embedded finance product,
Enhance technology infrastructure,
Scale its product suite and expand growing portfolio of B2B SaaS and subscription-driven businesses, and
Exploring new markets across Southeast Asia.

GetVantage was founded by Bhavik and Amit Srivastava in the year 2019. GetVantage guarantees to have funded over $270 million in Gross Merchandise Value (GMV) for over 350 brands across 18 categories, that consists of B2B SaaS and subscription, Direct-to-Commerce, e-commerce, edtech, healthtech, cloud kitchens, and nutrition.

The brands in the list of portfolio includes, Arata, Rage Coffee, Naagin, BoldCare, SidFarms, Zymrat, and many more.

GetVantage has a network of over 50 platform partnerships that are facilitating access to e-commerce enablement solutions. GetVantage competes with the companies like, Klub, Velocity, and N+1 Capital.

EXECUTIVE OPINION:

“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,” said Bhavik Vasa, Founder and CEO of GetVantage.

He added, “We’re seeing thousands of new businesses and homegrown brands eager to scale up, and we are excited to work with incredible investors and funding partners like DMI Finance and InCred to provide founder-friendly capital to supercharge growth for over 1,000-plus businesses in the next year.”

“By using data to unlock capital access for SMEs, GetVantage is pioneering a new approach to empower thousands of ecommerce entrepreneurs to grow their businesses on their terms,” said Aparajit Bhandarkar, Partner at Varanium Nexgen.

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$36M led by Varanium Nexgen; raised by GetVantage

Tags : GetVantage, StartupsDekho

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