GetVantage, a revenue-based financing (RBF) platform In India, has partnered with early-stage investing platform Inflection Point Ventures (IPV) amidst a funding winter. The company claims that this partnership has a combined portfolio of around 1,500 digital businesses and start-ups with access to equity and revenue-based financing growth capital to extend their runway.
GetVantage and IPV are sector-agnostic financing platforms and claim to prioritise a founders-first approach while investing in early-stage start-ups and businesses.
The partnership is expected to have access to each other’s portfolio base and aims to invest in both new businesses and existing start-ups in form of equity and revenue-based growth capital, depending on the requirements. Till now, both companies claim to provide funding to more than 500 businesses.
Through this partnership, IPV brands will have easy and quick access to revenue-based financing from GetVantage, and the portfolio brands of the latter can reach out to IPV for equity capital, making the entire funding process seamless and efficient.
Bhavik Vasa, Founder and CEO, GetVantage, said, “The rationale behind this partnership was to ensure that businesses get easy and faster access to funds amidst a funding winter and a possible global downturn. This fund allocation has been done to help businesses scale when other alternative forms of financing seem difficult to get hold of.”
Mitesh Shah, the co-founder of Inflection Point Ventures, added, “This partnership is symbiotic and immensely beneficial to founders in the current macroeconomic and funding environment. Leveraging this partnership, many founders can set the business on the path of faster growth and unlocking value faster.”
Both companies claim to share a bunch of enterprises under their portfolio across SaaS, clean tech, EV and health-focused D2C (direct-co-consumer) categories. The portfolios include companies like BluSmart, Buyofuel, Almo, Macmerise and The Healthy Company. Apart from these, Pumpumpum, Truly Madly, and Mobigarage have also bagged investments from both companies.
Founded in late 2019, GetVantage claims to invest in more than 450 businesses so far in sectors like D2C, EV, e-commerce, B2B (business-to-business) SaaS, cleantech, edtech and more. Set up in 2018, IPV claims to have 7,000 investors on its platform who have invested in around 150 start-ups.