GetVantage, a revenue-based financing platform, and Inflection Point Ventures (IPV), an early-stage investing platform, have announced a partnership to invest Rs 200 crore in more than 500 start-ups in 2023. The partnership aims to provide easy and fast access to funds for start-ups amidst a funding winter and a possible global downturn.
A combined portfolio of 1,500 start-ups
The partnership gives a combined portfolio of around 1,500 digital businesses and start-ups access to equity and revenue-based financing growth capital to take their start-up journey ahead. Both, GetVantage and IPV are sector-agnostic financing platforms and have a founders-first approach when it comes to funding early-stage start-ups and businesses.
The partnership would have access to each other’s portfolio base and would invest in both new businesses and existing start-ups in the form of equity as well as revenue-based growth capital, depending on the business requirements.
“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,” said Bhavik Vasa, Founder & CEO, GetVantage.
A shared vision of supporting start-ups
GetVantage and IPV share a vision of supporting start-ups and entrepreneurs in India and beyond. They also share a bunch of brands under their portfolio across SaaS, CleanTech, EV and Health-focused D2C brands amongst others. The list includes names like BluSmart, Buyofuel, Almo, Macmerise and The Healthy Company. Other brands that have received investments from both financing platforms are Pumpumpum, Truly Madly, and Mobigarage among others.
Through this partnership, IPV brands will have access to revenue-based financing from GetVantage, whose portfolio brands, in turn, can reach out to IPV for equity capital, making the entire funding process seamless.
“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,” said Mitesh Shah, Co-Founder, Inflection Point Ventures.
A track record of funding and equity
Founded in late 2019, GetVantage has funded over 450 businesses so far. It provides revenue-based financing to start-ups and digital businesses without taking any equity or personal guarantees. It also offers data-driven insights and growth tools to help businesses scale faster and smarter.
Meanwhile, Inflection Point Ventures, set up in 2018, has over 7,000 investors on its platform who have invested in around 150 start-ups so far. It is one of the largest angel investing platforms in India, with a focus on early-stage start-ups across sectors such as edtech, healthtech, fintech, consumer, and enterprise.
The partnership between GetVantage and IPV is expected to create a positive impact on the Indian start-up ecosystem, especially in the wake of the COVID-19 pandemic and its aftermath.