GetVantage offers revenue-based financing to India’s founders –
Summary
This brings GetVantages total raised so far to $40 million, along with a seed round in 2020, the same year it was launched by Bhavik Vasa and Amit Srivastava. I came across the ad for equity model, a barter deal where media houses take a certain stake in companies in return for advertising and promotions on their platform. He then moved onto a job at remittance platform EbixCash and after quitting, he said he kept thinking of a way to provide alternative financing to startups.The traditional process of raising capital is complex, cumbersome and simply doesnt work for all enterprises and business owners, Vasa said. The two met while running the Startupbootcamp fintech cohort.GetVantage gives SMEs equity-free capital between $10,000 to $500,000 USD, with applications processed in about two days, and funds made available in five. Some of its clients include Arata, BoldCare, Eat Better, Jade Forest, Naagin, Nua Wellness, Rage Coffee, Sid Farms and Zymrat.Financing decisions are made using the companys algorithms, which it says helps get rid of bias and make the application process faster.