Revenue-based financer GetVantage has disbursed Rs 300 Cr since 2020. The company provides non-dilutive growth capital to SMEs. The funding range is from Rs 30 lakh to Rs 30 crore. The service fee charged by GetVantage ranges from 6% to 12% of the total requirement. The fee can be structured over a period of 6 to 16 months.
GetVantage was founded in 2020 by Bhavik Vasa and Amit Srivastava. The company has raised $41 million in funding. The funding includes a $36 million round led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, and existing backers: Chiratae Ventures and Dream Incubator Japan.
GetVantage’s revenue-based financing model is a popular alternative to traditional forms of business lending, such as bank loans and venture capital. Revenue-based financing offers a number of advantages, including:
- No dilution of equity
- No personal guarantees required
- Quick and easy approval process
- Flexible repayment terms
GetVantage has shown remarkable growth. The company experienced a 300% year-on-year growth in 2021. Additionally, it has assisted brands in achieving an average revenue growth of 1.8 times following funding.
GetVantage is well-positioned to continue its growth in the future. The revenue-based financing market is expected to grow rapidly in the coming years, and GetVantage is one of the leading players in the space.
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