GetVantage, a revenue-based financing fintech platform, has introduced its Bounce Again Capital initiative to assist manufacturers of India rebound this festive season. GetVantage has allotted an preliminary corpus of $5 million (from funding companions and NBFCs) to be deployed through its founder’s platform.
The initiative is predicated on the suggestions from clients and ecosystem companions who’ve expressed a dire want for bigger funding as they give the impression of being to satisfy elevated client demand heading into the festive season, the primary in two years for the reason that pandemic began.
With this initiative, founders will have the ability to leverage varied advantages and progress options that include GetVantage’s founder’s platform from this month. Enterprise-owners can now rise up to $5,00,000 funding elevated from the earlier $2,50,000 restrict.
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Founders can get funded in as quick as seven days, the time diminished from 3-4 weeks. It’s going to additionally provide performance-based capital to double-down on advertising, stock, and logistics. It’s now overlaying conventional SMEs as effectively, together with digital-first manufacturers.
The platform is providing the identical assure with Bounce Again Capital. “No fairness. No warrants. No private ensures. No curiosity. No hidden charges. No board seats. One flat price (now beginning at 5 per cent),” it stated.
Enterprise house owners may also have the ability to leverage enterprise optimisation instruments by its companion ecosystem (AWS, Razorpay, Freshworks, Adyogi, First Economic system, Zoho, and others), and the ‘Founders For Founders’ mentor and assist platform.
Bhavik Vasa, Founder & CEO of GetVantage, stated, “All companies have been adversely affected due to the pandemic. Bounce Again Capital was designed to assist business-owners and types rapidly entry the working capital they should not simply get again to enterprise however bounce-back stronger than ever.”
Within the final 9 months, GetVantage has funded over 100 digital manufacturers and SMEs throughout 20 sectors together with eCommerce, D2C, gaming, SaaS, automotive, F&B, well being & wellness, dwelling, amongst others.