Startup Originals Team
Mumbai-based fintech startup GetVantage has raised ₹63 crore in a Series A1 funding round comprising equity and debt as it looks to expand its MSME financing business and scale its technology platform.
The round was led by banking veteran Rajeev Ahuja and investment firm SanRaj Group, with existing backers Chiratae Ventures, Varanium Fintech Fund and VCMint also participating. The latest fundraise takes GetVantage’s committed financing capacity to more than ₹700 crore.
The startup plans to use the fresh capital to expand operations and scale Capital Gateway, its API-based platform that connects small and medium businesses with financing providers.
What Happened?
GetVantage has secured ₹63 crore in a Series A1 round that combines equity and debt capital. The financing comes as the company seeks to increase its reach among India’s micro, small and medium enterprises (MSMEs).
Rajeev Ahuja and SanRaj Group led the round, while existing investors Chiratae Ventures, Varanium Fintech Fund and VCMint also participated.
The latest transaction increases GetVantage’s committed financing capacity to more than ₹700 crore. The company has previously built its business around alternative financing for growing businesses, including revenue-based financing and other working-capital solutions.
Key Details
A major focus of the new funding will be Capital Gateway, an API-based platform designed to connect MSMEs with financing providers.
The platform is intended to make the financing process more accessible by connecting businesses with suitable sources of capital through technology. This is particularly relevant for smaller businesses that may face challenges accessing traditional forms of financing.
GetVantage has been active in alternative financing since its founding in 2020. In 2023, the company said it had deployed ₹300 crore and supported around 500 businesses. Its financing products at the time ranged from ₹30 lakh to ₹30 crore, depending on the business and its requirements.
The company subsequently expanded its lending capabilities through its lending arm, GetGrowth Capital, after obtaining an NBFC licence from the Reserve Bank of India.
Why This Matters
MSMEs often require working capital to manage inventory, marketing, payroll, expansion and other operating expenses. However, smaller businesses can face difficulties obtaining timely financing through conventional channels.
GetVantage is attempting to address this gap through technology-led financing infrastructure. Its Capital Gateway strategy moves beyond financing individual businesses and focuses on building a platform that can connect MSMEs with multiple financing sources.
The company’s increased financing capacity could allow it to support a larger number of businesses while expanding its presence beyond its existing customer base.
The development also highlights continued investor interest in fintech platforms focused on MSME credit, particularly those combining financial products with technology infrastructure.
Company Background
GetVantage is a Mumbai-based fintech company founded in 2020 by Bhavik Vasa and Amit Srivastava. Vasa serves as CEO, while Srivastava is a co-founder.
The company initially built its business around revenue-based financing and alternative growth capital for startups and small businesses. Its portfolio has included companies across sectors such as e-commerce, SaaS, cleantech and electric mobility.
GetVantage has also developed GetGrowth Capital as its lending arm and has worked with partner lenders to increase the amount of capital available to businesses.
The startup has previously counted investors such as Chiratae Ventures, Varanium and other institutional backers among its supporters.
Industry Impact
The latest fundraise could strengthen competition in India’s alternative MSME financing market. Digital lending and embedded-finance platforms are increasingly using transaction data and technology to offer businesses faster and more flexible access to capital.
For MSMEs, platforms such as Capital Gateway could provide an alternative to traditional bank-led financing by connecting businesses with a broader pool of financing providers.
For lenders, technology platforms can also help improve the process of identifying potential borrowers and matching financing products with business requirements.
GetVantage’s expansion could therefore contribute to the wider development of India’s digital MSME credit infrastructure, particularly as more small businesses adopt digital payment, e-commerce and accounting systems that generate usable financial data.
Future Plans
GetVantage plans to use the latest funding to expand its operations and scale Capital Gateway. The company is looking to increase access to financing for MSMEs across India through its technology-led platform.
The startup’s committed financing capacity now stands above ₹700 crore, providing a larger base from which it can support additional businesses and expand its financing operations.
The company is also expected to continue developing technology that connects businesses, lenders and financing providers, building on its experience in alternative financing and its lending infrastructure.
Conclusion
GetVantage’s ₹63 crore Series A1 funding marks another step in its effort to build a larger financing platform for India’s MSME sector. The combination of equity and debt capital will help the company expand its operations and strengthen Capital Gateway.
With committed financing capacity crossing ₹700 crore, GetVantage is now positioned to increase the flow of capital to small businesses while expanding its role in India’s growing digital MSME financing ecosystem.
