GetVantage, Inflection Point Ventures plans to invest Rs 200 Cr in over 500 businesses over next 12 months
- ByStartupStory | January 18, 2023
GetVantage, a revenue-based financing (RBF) platform, and Inflection Point Ventures (IPV), an early-stage investing platform, have partnered to invest Rs 200 crore in over 500 businesses over the next 12 months.
Both financing platforms intend to fuel the growth of approximately 40 businesses per month on average.
According to a statement, during the course of this partnership, both firms would have access to each other’s portfolios and would invest in new businesses as well as existing startups in the form of equity as well as revenue-based growth capital based on the business requirements.
This collaboration also provides a combined portfolio of approximately 1,500 digital businesses and startups with access to equity and revenue-based financing growth capital to help them expand their runway.
GetVantage and IPV are both sector-agnostic financing platforms that prioritise founders when it comes to funding early-stage startups and businesses.
“This fund allocation has been done to help businesses scale when other alternative forms of financing seem difficult to get hold of,” said Bhavik Vasa, Founder and CEO, GetVantage.
“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,” added Mitesh Shah, Co-founder, Inflection Point Ventures.
GetVantage, which was founded in late 2019, claims to have funded over 450 businesses in sectors such as D2C, EV, ecommerce, business-to-business (B2B) SaaS, cleantech, edtech, and others. Meanwhile, Inflection Point Ventures, which was founded in 2018, has over 7,000 investors on its platform who have so far invested in approximately 150 startups.
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