Getvantage raises $36m to expand its revenue-based financing platform

By Leandra Monteiro

GetVantage, an Indian revenue-based financing FinTech and growth platform for SMEs has raised a $36 million growth round led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and returning investors Chiratae Ventures and Dream Incubator Japan. Other new investors who participated in this round include Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office amongst others.

The new investment will power the growth of GetVantage’s pioneering performance-based financing solution and embedded finance product, 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.

Combined with the $5 million seed round announced in 2020, this brings GetVantage’s total funding raised till date to over $40 million. This includes multiple debt lines with NBFC partners to rapidly scale its all-in-one finance & growth platform. Aparajit Bhandarkar, Partner, Varanium Capital, will join GetVantage’s board of directors.

“From day one, GetVantage’s mission has been to reshape the landscape of small business finance so that 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 to further our mission to help India’s new economy and brands unlock revenue potential on their terms. Aparajit is a leader with whom we share a commitment to help founders win and we are thrilled to welcome him to the team.”

Vasa added, “We’re seeing thousands of new businesses and home-grown 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+ businesses in the next year.”