To assist B2B SaaS companies in growing without diluting their equity, GetVantage, a fintech platform that offers alternative financing, has introduced its SaaS Accelerator Fund II. The SaaS Accelerator Fund I, established by GetVantage in 2022 (worth roughly Rs 65 crore), is being expanded with this Rs 250 crore Fund II.
The company supports businesses financially through its licensed NBFC GetGrowth Capital and alliances with organizations such as Varanium’s Debt Fund and other significant NBFCs and AIF funds.
After launching its SaaS Runway Capital product for the first time in 2022, GetVantage has been actively involved in supporting Indian SaaS founders as their preferred funding partner.
The company has used its initial fund of Rs 65 crore over the past 18 months, concentrating particularly on the B2B SaaS sector, and has allocated nearly four times that amount for a new fund.
Over the next 12 to 18 months, GetVantage plans to invest Rs 250 crore, providing quick, equitable, and non-dilutive capital to SaaS entrepreneurs to help them grow their companies.
