Mumbai-based fintech platform pioneering Revenue-Based Financing (RBF) for eCommerce and online businesses across India and Southeast Asia GetVantage raises $ 5 million in a seed round. GetVantage previously raised a pre-seed round from early-stage investors, including 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.
GetVantage was founded in 2019 by 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.
Bhavik Vasa, founder, GetVantage said, “GetVantage is designed to help hundreds of small businesses owners with immediate and fair access to the capital they need to harness these new growth opportunities, our platform leverages an assortment of sales, marketing, and accounting data to offer growth capital for businesses based on current and projected (future) revenue in a fraction of the time it takes to raise from traditional sources.”
“We’re fast seeing RBF becoming a preferred funding method for founders and startups looking to drive growth as it sits at the sweet spot between equity financing and debt, without any of the downsides. Our data-driven approach is based on performance. We connect to a customer’s existing sales and marketing platforms, like Shopify, Stripe, Google, and Facebook,” Vasa added.
With this funding, GetVantage aims to empower India’s young ecommerce brands and burgeoning D2C sector to achieve scale and profitability targets sustainably. With consumers shifting online, more companies are looking at how they can take advantage of this digital shift and the vast economic opportunities that come with it.