Total amount raised
$41 Millions
Latest funding date
06/01/2022
Location
GetVantage has successfully raised $41 million over three funding rounds, with notable investors including Chiratae Ventures, Dream Incubators, and Varanium Group. The platform offers equity-free working capital and business optimization tools tailored for digital brands.
Keep reading to explore the intricacies of GetVantage's fundraising journey and the investors backing this innovative platform.
What Is GetVantage?
GetVantage, founded in August 2019, is a fintech platform based in Mumbai, Maharashtra, India. The company provides equity-free working capital, business optimization tools, and a founder's community to help digital brands grow without giving up equity or control.
Founded by Amit Srivastava, Bhavik Vasa, and Sachin Tagra, GetVantage leverages data-driven investments to unlock growth potential for entrepreneurs. The platform offers real-time insights and a supportive ecosystem for business owners.
With a team of 101-250 employees, GetVantage continues to innovate in the financial services sector, providing tailored solutions for digital brands seeking growth capital and embedded financing.
How Much Funding Has GetVantage Raised?
- Seed Round
- Amount Raised: $5M
- Date: October 2020
- Lead Investors: Chiratae Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of GetVantage's fintech platform, providing equity-free funding and business optimization tools to entrepreneurs.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its core platform.
- Series A
- Amount Raised: $36M
- Date: June 2022
- Lead Investors: Varanium Nexgen Fintech Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand GetVantage's reach and capabilities, enabling the company to fund more digital-first businesses and SMEs across various sectors, and to enhance its proprietary technology for better growth capital offerings.
Total Amount Raised: $41M. Current Valuation: Not publicly disclosed.
Key Investors
- Chiratae Ventures
- Details: Formerly known as IDG Ventures, Chiratae Ventures is a leading venture capital firm in India. They participated in GetVantage's seed round in October 2020 and Series A round in June 2022.
- Investment Focus Areas: Technology, healthcare, consumer media.
- Notable Investments: Flipkart, Myntra, FirstCry.
- DMI AIF Sparkle Fund
- Details: DMI AIF Sparkle Fund is part of the DMI Group, which focuses on providing financial services and investment management. They co-led GetVantage's Series A round in June 2022.
- Investment Focus Areas: Financial services, technology, real estate.
- Notable Investments: Not publicly disclosed.
- Dream Incubator
- Details: Dream Incubator is a Japanese strategic consulting and investment firm. They participated in GetVantage's seed round in October 2020 and Series A round in June 2022.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
- Varanium Capital Advisors
- Details: Varanium Capital Advisors is a fintech-focused investment firm. They led GetVantage's Series A round in June 2022.
- Investment Focus Areas: Fintech, digital-first businesses, technology.
- Notable Investments: Not publicly disclosed.
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that provides funding, mentorship, and networking opportunities. They participated in GetVantage's seed round in January 2020.
- Investment Focus Areas: Early-stage startups, technology, consumer goods.
- Notable Investments: Not publicly disclosed.
What's Next for GetVantage?
GetVantage is poised to capitalize on significant opportunities, particularly in expanding its performance-based financing solutions and embedded finance products into Southeast Asia. With a robust technology infrastructure and a growing portfolio of B2B SaaS and subscription-driven businesses, the company is well-positioned to meet the evolving needs of digital brands.
Future fundraising efforts are likely to attract both existing and new investors, driven by the increasing demand for non-dilutive financing options among SMEs. This momentum could support further technological advancements and market expansion, ensuring GetVantage remains a key player in the fintech space.
However, the company may face challenges such as competition from other revenue-based financing platforms and navigating regulatory environments in new markets. Maintaining the scalability and robustness of its technology infrastructure will be crucial as GetVantage continues to grow and expand its reach.
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