GetVantage Funding: Revenue-Based Funding Company GetVantage Raises $36M From Varanium Nexgen and Others

GetVantage, a revenue-based funding (RBF) platform, raised $36 million in funding led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund and returning investors Chiratae Ventures and Dream Incubator Japan.

Other new investors who participated include Sony Innovation Fund, InCred Capital and Haldiram’s Family Office, among others.

“From day one, GetVantage’s mission has been to reshape the small business financing landscape, so that entrepreneurs have more access, choice and control,” said Bhavik Vasa, Founder and CEO of GetVantage. “We are delighted 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 injection is expected to drive the growth of the company’s performance-based finance solution and integrated finance products, improve technology infrastructure, evolve its product line to meet the changing needs of digital businesses at rapidly growing, expand their growing portfolio of SaaS B2B and subscription-driven businesses and explore new market opportunities in Southeast Asia.

“Using data to unlock access to capital 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 the GetVantage Board of Directors. “At Varanium, we seek to partner with founders and teams who have a bold approach to solving massive problems.”

GetVantage’s RBF marketplace has funded over $270 million in Gross Market Value (GMV) for over 350 brands across different categories, including B2B SaaS, subscription businesses, D2C, eCommerce, edtech, and more.

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The company provides founders with between Rs 5 lakh and Rs 5 crore of non-dilutive growth capital compared to traditional sources of funding, which require business owners to dilute equity or give control through board seats. administration or mandates.

In 2021, GetVantage saw 300% year-over-year growth and helped brands achieve an average of 1.8x revenue growth after 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.

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