BluSmart, ChargeZone, EMotorad, Buyofuel, and Verve Renewables have leveraged GetVantage to retain equity & grow with Revenue-Based Financing Green Tech.
GetVantage, a revenue-based financing (RBF) and growth platform for founders, has raised $ 5million in 5 startups via its marketplace in the last quarter.
Founded in 2019 by Bhavik Vasa and Amit Srivastava, GetVantage continues to focus on the alternative finance (alt-Fi) movement in India.
The company has amassed a sizable portfolio of over 400 new-age businesses while diversifying into more sectors this year including B2B SaaS and Cleantech, said the statement from the company.
GetVantage has identified Cleantech as a priority sector and expects to significantly step up its focus on connecting more entrepreneurs at the cutting edge of EVs, climate-tech, and other green tech solutions with founder-friendly, equity-free funding options.
Bhavik Vasa, Founder & CEO, GetVantage says his company is witnessing a paradigm shift as consumers look to make smarter choices and minimize their carbon footprint and he firmly believes that 2023 will be a breakout year for Cleantech businesses.
“Hundreds of entrepreneurs are designing the future of sustainable urban mobility in their quest to build a more sustainable future for all. GetVantge is excited to support founders in the EV, climate-tech, and broader green-tech space with similarly sustainable funding options that are designed for environmentally conscious businesses,” added Vasa.
GetVantage has already supported companies like BluSmart, ChargeZone, and EMotorad that are at the forefront of an important, growing industry.
According to the International Energy Agency, the size of the global market for cleantech will rise from $122 billion (as of 2022) to $870 billion by 2030, as more consumers transition to sustainable solutions.
BluSmart is India’s first all-electric shared smart mobility platform that has raised a $25 million Series A round led by BP Ventures in the past. BluSmart had turned to the GetVantage platform to support its growth via revenue-based financing as it allowed them to access the growth capital they needed without diluting equity.
Punit Goyal, Co-Founder, BluSmart said, “The support of funding partners like GetVantage is invaluable as it allows us to focus on growth and not have to worry about fundraising. The best part is we didn’t have to dilute any equity.”
GetVantage is on track to scale up its capital gateway and marketplace by 20x in 2023 and is looking to partner with many more companies across the Cleantech space (EVs, Battery tech, climate-tech, renewables, and more).
The company works with licensed Banks and NBFCs to provide various equity-free debt financing options to new-age businesses using a data-driven approach that enables funding up to INR 10 crores in as fast 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 support growth for businesses.
The platform provides non-dilutive working capital for marketing, inventory, logistics, and other recurring CapEx to businesses across sectors including B2B SaaS, eCommerce, D2C, ed-tech, cloud-kitchens, and many more. The company which has registered over 9,000+ signups on its platform has a broad investment portfolio of over 400+ of the most exciting new-age businesses in India.
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