GetVantage introduces the Rs 100 crore Rise-Up Fund for woman entrepreneurs

GetVantage, a leading alternative-financing fintech platform, has unveiled its latest initiative, the Rise-Up Fund, designed specifically to bolster businesses led by women entrepreneurs with essential capital support. With an initial allocation of Rs 100 crore, this non-dilutive fund is poised to deploy its resources over the next 12 months to empower and uplift women-led enterprises in the competitive market landscape.

In a strategic move to amplify its impact and outreach, GetVantage has forged a significant partnership with Encubay, a dynamic network that promotes diversity and inclusion within the entrepreneurial ecosystem. This collaboration underscores GetVantage’s commitment to fostering an environment conducive to the growth and success of women-led ventures, leveraging the collective strengths of both organizations to drive meaningful change.

Founded in 2020 by Bhavik Vasa, GetVantage stands at the forefront of the alternative funding marketplace, offering a comprehensive growth platform that extends non-dilutive capital solutions to Small and Medium Enterprises (SMEs). With a focus on data-driven investments ranging from Rs 5 lakhs to Rs 20 crore, GetVantage empowers businesses to scale their growth trajectories efficiently and sustainably. The Mumbai-based firm is poised to disburse the Rise-Up Fund through its proprietary NBFC, GetGrowth Capital, in conjunction with strategic partnerships with entities like Varanium’s Debt Fund, among other NBFCs and AIFs. This collaborative approach underscores GetVantage’s commitment to leveraging diverse funding channels to maximize its impact on the entrepreneurial landscape.

Furthermore, GetVantage recently announced the establishment of its SaaS Accelerator Fund II, boasting a robust corpus of Rs 250 crore, indicative of its continued commitment to fostering innovation and growth within the burgeoning SaaS ecosystem. GetVantage’s comprehensive platform offers a wide array of non-dilutive working capital solutions tailored to meet the diverse needs of businesses across various sectors, including but not limited to B2B SaaS, eCommerce, Direct-to-Consumer (D2C), edtech, cloud kitchens, and many more. With over 15,000 sign-ups and investments in more than 850 new-age businesses in India, GetVantage has established itself as a trusted partner for companies seeking to navigate the complexities of scaling their operations. In a testament to its dedication to driving meaningful change, GetVantage previously joined forces with Leap.Club, a prominent women’s community, in 2023 to spearhead initiatives to foster engagement and collaboration among women entrepreneurs across India. Through this strategic partnership,

GetVantage facilitated meaningful interactions between women founders, investors, and enablers, fostering an environment conducive to forging solid connections, promoting valuable conversations, and driving collective growth. The launch of the Rise-Up Fund comes at a critical juncture, as women-led businesses in India continue to face significant challenges in accessing essential credit resources. According to a report by the World Economic Forum and IFC, these businesses encounter an unmet credit gap exceeding $11.4 billion, with women founders receiving a mere 5.2% credit granted to enterprises by public sector banks in India. GetVantage’s Rise-Up Fund seeks to address this disparity by providing much-needed capital support to empower and elevate women entrepreneurs, paving the way for inclusive economic growth and prosperity.