GetVantage secures INR63 crore in hybrid growth capital
Rajeev Ahuja and SanRaj Group co-lead a Series A1 package combining equity and debt.
GetVantage has secured INR63 crore in equity and debt through a Series A1 financing. Rajeev Ahuja and SanRaj Group co-led the round, with participation from Chiratae Ventures, Varanium Fintech Fund and VCMint, Entrackr reported on August 4.
The company plans to expand its capital gateway, which lets marketplaces and other digital platforms embed financing options for their business customers. Product development is aimed at using operating data to make growth capital easier to access.
The INR63 crore package is the financing announced here. The company's separately stated total committed funding capacity of more than INR700 crore describes a broader pool of financing capacity.
Use of funds
Capital gateway expansion
Embedded financing partnerships