GetVantage raised $ 5 million in seed funding

On 27 October 2020, the fintech platform based in Mumbai, GetVantage, said it raised $5 million through equity and debt as part of its seed round of financing led by Chiratae Ventures (formerly IDG Ventures).

Dream Incubator Inc., based in Japan, also took part in the round, and the debt capital raised by the start-up will be used to fund other businesses.

With this capital, the company is also looking to expand into new markets across South-East Asia, beginning with Singapore, in the next two years. The start-up will pursue alternative financing for over 200 companies in India and other Asian geographies during this time.

GetVantage, which was established only around a year ago, is an alternative funding platform for e-commerce and direct-to-consumer brands that aims to provide these companies with capital-based revenue forecasts.

GetVantage was established by Bhavik Amit Srivastava, Bhavik Vasa, Sachin Tagra, and Sachin Tagra in the year 2019. They deal with sectors such as credit, insurance, financial services, financial technology, loans, venture capital, etc. Asia-Pacific (APAC) is its regional headquarters.

GetVantage makes data-driven investments in order to help digital brands unlock their growth potential, ranging from INR 20 lacs (USD25k) to INR 2 crores (USD 250k). GetVantage has rapidly developed a powerful ecosystem of strategic partners to provide business owners with the tools they need to maximize, scale, and expand (capital, business solutions, insights).

In order to deliver growth resources in India and South-East Asia, the fintech platform leverages company revenue, marketing, and accounting data between ticket sizes of Rs 20 lakhs to Rs 2 crores.

“As India’s digital economy takes center stage, there is a major unmet funding opportunity. The GetVantage team has developed a solid, tested deep-tech platform that empowers e-commerce companies with better financing options,” said Chiratae Ventures partner Venkatesh Peddi.

In addition to e-commerce and direct-to-consumer brands, the portfolio of GetVantage includes brands in the edtech, B2B software-as-a-service (SaaS), subscription-based services, personal and home care sectors, as we include brands in the edtech, B2B software-as-a-service (SaaaS) sectors.”

Early-stage investors such as Samyakth Money, Investment Catalysts, Astir Ventures, and other prominent angels have previously raised a pre-seed round of funding from GetVantage.