GetVantage Unveils Second SaaS Accelerator Fund with a Corpus of INR 250 Cr

GetVantage, headquartered in Mumbai, has unveiled its SaaS Accelerator Fund II to support B2B SaaS enterprises. This new fund succeeds the earlier SaaS Accelerator Fund I, an INR 65 Cr initiative launched in 2022.


The most recent fund from GetVantage boasts a total corpus of INR 250 Cr, set to be deployed over the next 12-18 months. GetGrowth Capital, its own NBFC, in collaboration with Varanium’s Debt Fund and other NBFCs and alternative investment funds, will facilitate the disbursement of funds.


Karun Arya, Chief Growth Officer of GetVantage, expressed enthusiasm about assisting local SaaS companies with recurring-revenue financing to facilitate scalable growth without compromising equity, ownership, or control. He highlighted the success of GetVantage’s SaaS Runway Capital product, launched in 2022, which has proven effective in helping SaaS founders boost their ARR over 18 months.


Established in 2020 by Bhavik Vasa and Amit Srivastava, GetVantage operates as a cashflow-based financing platform and secured its NBFC license the previous year. The platform offers non-dilutive working capital solutions for various business needs, including marketing, inventory, logistics, and recurring CapEx, across sectors such as B2B SaaS, eCommerce, D2C, ed-tech, cloud kitchens, and more. The company boasts a diverse investment portfolio encompassing over 750 new-age companies.


In 2022, GetVantage raised $36 Mn in a strategic funding round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund. It earmarked the funds to expand its product line and enhance its performance-based financing solution.


GetVantage faces competition from other revenue-based financing startups like Velocity, Klub, and Recur Club. Velocity, a rival, recently announced the allocation of INR 300 Cr ($36.1 Mn) to finance B2B SaaS startups.


The early days of 2024 have witnessed substantial investment activity in the SaaS sector. Upekkha, a Bengaluru-based SaaS fund and accelerator, declared the first close at $15 Mn for its larger $40 Mn Upekkha fund.