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How a Mumbai-based startup is making life easy for other startups
GetVantage, a start-up offering revenue finance to D2C brands and digital platforms, has seen a spike in the business volume as an increasing number of ventures look for growth capital to fund their expansion amidst the festive season. Of these, around 10-15 per cent qualified for funding through the GetVantage marketplace. Revenue-based finance or RBF refers to a mechanism wherein a start-up can avail growth funding without the founders having to dilute any stake or offer any collateral. GetVantage was launched in 2020 by fintech entrepreneur Vasa along with technology & operations veteran Amit Srivastava. The start-up provides RBF of up to Rs 10 crore per start-up in less than seven days – there have been instances of disbursement done in 24-48 hours - and till date has funded a cumulative GMV worth over $220 million and has more than 350 brands in its portfolio. Source: BusinessToday #startups
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