GetVantage backs cleantech corporations with US$ 5 mn non dilutive capital

GetVantage, a revenue-based financing (RBF) and development platform for founders, has raised $ 5million through its market within the final quarter.

Based in 2019 by Bhavik Vasa and Amit Srivastava, GetVantage continues to deal with the choice finance (alt-Fi) motion in India.

The corporate has amassed a large portfolio of over 400 new-age companies whereas diversifying into extra sectors this yr together with B2B SaaS and Cleantech, mentioned the assertion from the corporate.

GetVantage has recognized Cleantech as a precedence sector and expects to considerably step up its deal with connecting extra entrepreneurs on the chopping fringe of EVs, climate-tech, and different inexperienced tech options with founder-friendly, equity-free funding choices.

Bhavik Vasa, Founder & CEO, GetVantage says his firm is witnessing a paradigm shift as customers look to make smarter decisions and reduce their carbon footprint and he firmly believes that 2023 will probably be a breakout yr for Cleantech companies.

“A whole bunch of entrepreneurs are designing the way forward for sustainable city mobility of their quest to construct a extra sustainable future for all. GetVantge is worked up to assist founders within the EV, climate-tech, and broader green-tech house with equally sustainable funding choices which can be designed for environmentally aware companies,” added Vasa.

GetVantage has already supported corporations like BluSmart, ChargeZone, and EMotorad which can be on the forefront of an vital, rising business.

In accordance with the Worldwide Vitality Company, the scale of the worldwide marketplace for cleantech will rise from $122 billion (as of 2022) to $870 billion by 2030, as extra customers transition to sustainable options.

BluSmart is India’s first all-electric shared sensible mobility platform that has raised a $25 million Sequence A spherical led by BP Ventures prior to now. BluSmart had turned to the GetVantage platform to assist its development through revenue-based financing because it allowed them to entry the expansion capital they wanted with out diluting fairness.

Punit Goyal, Co-Founder, BluSmart mentioned, “The assist of funding companions like GetVantage is invaluable because it permits us to deal with development and never have to fret about fundraising. The very best half is we didn’t need to dilute any fairness.”

GetVantage is on monitor to scale up its capital gateway and market by 20x in 2023 and is seeking to associate with many extra corporations throughout the Cleantech house (EVs, Battery tech, climate-tech, renewables, and extra).

The corporate works with licensed Banks and NBFCs to supply varied equity-free debt financing choices to new-age companies utilizing a data-driven strategy that permits funding as much as INR 10 crores in as quick as 7 days.

Launched in 2020 by fintech entrepreneur Bhavik Vasa and Tech & Ops veteran Amit Srivastava and headquartered in Mumbai, GetVantage makes data-driven investments from Rs 10 lakhs – Rs 10 crore to assist development for companies.

The platform offers non-dilutive working capital for advertising and marketing, stock, logistics, and different recurring CapEx to companies throughout sectors together with B2B SaaS, eCommerce, D2C, ed-tech, cloud-kitchens, and plenty of extra. The corporate which has registered over 9,000+ signups on its platform has a broad funding portfolio of over 400+ of probably the most thrilling new-age companies in India.

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