Mumbai-based GetVantage focuses on India’s micro, small and medium enterprises (MSMEs). With a team of 105 employees and offices in Mumbai, Bangalore and Delhi, the fintech startup provides non-dilutive capital solutions to meet the needs of growing businesses.
GetVantage offers capital products ranging from revenue-based, fixed-term and supply-chain financing for working capital demand loans, designed to help MSMEs scale efficiently. At present, it is among the rare alternative financing platforms in India that have secured a non-banking financial company (NBFC) licence from the Reserve Bank of India. This licence, obtained in February 2023, allows the company to fund businesses more seamlessly through its NBFC arm, GetGrowth Capital.
Supporting Marginalised Segments
GetVantage’s data-driven approach ensures flexible capital allocation based on revenue performance reaching out to MSMEs in tier-2 and tier-3 markets. The digital funding process has enabled businesses from cities like Raipur, Lucknow and Mysore to access capital without leaving their offices.
It launched the ‘Rise-Up Funds’ in March 2024, dedicated to supporting women-led businesses with a non-dilutive fund. With an initial corpus of Rs 100 crore, the fund aims to support 400 women entrepreneurs by March 2025. The company has raised $41 million in equity and credit lines across two funding rounds, with prominent investors including Chiratae Ventures, Dream Incubator Japan and the Varanium Group.