Alternative financing platform GetVantage announced a strategic partnership with direct-to-customer (D2C) same-day delivery platform Zippee. This partnership is aimed at providing frictionless equity-free funding to high-growth-focussed D2C brands on its fulfillment platform while giving its own portfolio instant access to same-day deliveries for customers across India.
Gurugram-based start-up Zippee facilitates over 100 D2C businesses like Epigamia, Anveshan, Clinikally and The Face Shop to provide same-day deliveries to their customers across India. Brands connect their website to the Zippee platform in just a few clicks and can kickstart same-day deliveries across India in less than 7 days.
Speaking about the partnership, Madhav Kasturia, founder and CEO of Zippee, said, “We democratise Amazon-grade logistics for brands that want to sell more through their own online stores, have greater control over customer data, and offer solid post-purchase experiences to customers through same-day deliveries. A lot of them sign up for Zippee during their scale-up phase and can now leverage GetVantage’s ecosystem to supercharge that."
Karun Arya, chief growth officer of GetVantage said, “Our joint target to reach over 10,000 D2C brands builds on the incredible momentum we’re seeing from entrepreneurs who are making bold and smarter funding choices to scale their businesses with non-dilutive working capital. The Zippee team has built a strong D2C footprint and we’re excited to help founders and brands in their ecosystem leverage the power of equity-free capital solutions to supercharge growth and fuel India’s digital economy.”
Zippee is backed by consumer company Haldiram’s, 9Unicorns, FounderBank Capital, South Asia Technology Partners, and unicorn founders like Peyush Bansal, co-founder of Lenskart, Kunal Shah, founder of CRED), Ashneer Grover, co-founder of BharatPe, Prashant Pitti, co-founder EaseMyTrip.
GetVantage was launched by fintech entrepreneur Bhavik Vasa and tech and ops veteran Amit Srivastava. It marks data-driven investments from Rs 20 lakhs to Rs 20 crore to supercharge growth for businesses.
The company is backed by Indian and Japanese investors including Chirate Ventures, Varanium Nexgen Fintech Fund, Sony Innovation Fund, Dream Incubator Japan, DMI Sparkle Fund, and InCred Capital, and has secured an NBFC license from the Reserve Bank of India.
