GetVantage, a B2B fintech platform for MSMEs, has raised hybrid financing (equity and debt) totaling Rs 63 crore ($6.6 million). The Mumbai-based company’s total committed capital capacity now exceeds Rs 700 crore thanks to the Series A1 transaction. Chiratae Ventures, Varanium Fintech Fund, and VCMint participated in the round, which was co-led by Rajeev Ahuja and SanRaj Group.
With an initial corpus of Rs 100 crore, GetVantage established the Rise Up Fund in March 2024 with the goal of providing growth finance to women entrepreneurs. To assist B2B SaaS companies, it also introduced the SaaS Accelerator Fund II in January of that same year.
According to a press statement from GetVantage, the revenues would be utilized for expansion while hastening its transformation into an AI native capital gateway, giving Indian MSMEs quicker and more intelligent access to growth finance.
GetVantage, which Bhavik Vasa founded in 2020, integrates seamless finance solutions into merchant ecosystems and marketplaces, giving companies access to growth funding without the need for substantial collateral or equity dilution. Investors such as Chiratae Ventures, Varanium Fintech Fund, Sony Fund, InCred, and industry experts support the platform, which directly targets India’s MSME credit deficit of Rs 30 lakh crore.
GetVantage underwrites companies based on real cash flows using alternative data and predictive analytics. This strategy enables it to greatly lessen the difficulties Indian SMEs and founders encounter while looking for growth funding.
GetVantage intends to expand its capital gateway, a plug-and-play API environment that lets marketplaces, logistics centers, and B2B e-commerce platforms integrate financing solutions straight into their merchant ecosystems. It intends to announce a number of strategic seller financing relationships with top digital ecosystems in the upcoming months, solidifying its standing as an embedded finance partner for platforms seeking to boost the expansion of their merchants.
