SynopsisMumbai-based GetVantage secured sixty-three crore rupees in a funding round. This capital infusion was led by Rajeev Ahuja and SanRaj Group. The company plans to increase its financing capacity significantly over the next year. GetVantage has already funded over eight thousand businesses since its inception. Demand for revenue-based financing is growing as e-commerce expands.Mumbai-based GetVantage, which offers cash-flow-based financing, has raised Rs 63 crore in a round led by former RBL Bank managing director Rajeev Ahuja and investment firm SanRaj Group.The funding, which comprises both equity and debt, also saw participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint. While the company said the round was mostly equity, it did not disclose the share.The fresh capital willNow Playing
Cash flow financing firm GetVantage raises Rs 63 crore in equity, debt - The Economic Times
Mumbai-based GetVantage secured sixty-three crore rupees in a funding round. This capital infusion was led by Rajeev Ahuja and SanRaj Group. The company plans to increase its financing capacity significantly over the next year. GetVantage has already funded over eight thousand businesses since its inception. Demand for revenue-based financing is growing as e-commerce expands.
TL;DRAI
GetVantage closed Rs 63 crore in equity and debt backed by Rajeev Ahuja (ex-RBL MD) and SanRaj Group. Revenue-based financing gains traction as Indian e-commerce SMEs seek non-dilutive capital over traditional equity.
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