GetVantage, a revenue-based financing (RBF) startup based in India, has raised $36 million in its new funding round led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, Chiratae Ventures, and Dream Incubator Japan.
- The fund will help the platform grow its financing solution and embedded finance products, improve its technology infrastructure, expand its product suites, and enter new markets in Southeast Asia.
- GetVantage is using data to unlock capital access for SMEs, making it possible for entrepreneurs to grow their businesses, and now has a record of 300% year-on-year growth.
- It has funded over $270 million in gross merchandize value across more than 350 brands including B2B, SaaS, D2C, E-commerce, edtech, and adtech among others, with portfolio investment in Arata, BoldCare, Eat Better, Jade Forest and others.
- Sony Innovation Fund, InCred Capital, and Haldiram's Family Office among others participated in the round.