GetVantage is a financial technology company based in Mumbai, India, that specializes in providing revenue-based financing solutions to small and medium-sized enterprises (SMEs) and startups, particularly in the e-commerce sector. Founded in 2019, GetVantage offers non-dilutive funding by advancing capital based on projected revenue, with repayment tied to a percentage of future revenues[2][3]. ### Key Features and Achievements: - Revenue-Based Financing (RBF): GetVantage provides growth capital without requiring equity dilution, allowing businesses to repay through a share of their future revenues[3]. - Investments and Funding: The company has raised a total of $41 million in funding from investors such as Chiratae Ventures, Varanium, and Sony[3]. - Regulatory Milestones: In May 2023, GetVantage secured a license as a non-banking financial company (NBFC) from the Reserve Bank of India for its GetGrowth Capital division[2]. - Portfolio and Impact: As of FY24, GetVantage has funded over 1,500 companies across various sectors, including B2B SaaS, D2C, e-commerce, and more, with a combined Gross Merchandise Value (GMV) of $900 million[3]. ### Criticisms and Challenges: - Cost Structure: The RBF model has faced criticism for potentially higher long-term costs compared to fixed-interest loans, especially during periods of strong revenue growth[2]. - Market Volatility: The model's reliance on fluctuating revenue cycles can extend repayment periods and delay profitability in volatile markets like India[2]. Overall, GetVantage plays a significant role in providing alternative financing options to businesses in India, helping them access growth capital without equity dilution.