GetVantage, has announced the debut of its Rise-Up Fund, which is committed to providing inclusive funding for female entrepreneurs’ company. This non-dilutive fund has an INR 100 crore starting corpus. In the upcoming year, the fund hopes to use the money to support the expansion of approximately 400 women-owned enterprises.
The capital will be distributed by GetVantage via its own NBFC, GetGrowth Capital, in collaboration with Varanium’s Debt Fund and other NBFCs and AIFs, as reported by CXOtoday.
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“Despite running successful businesses, women entrepreneurs everywhere remain chronically underrepresented and underserved by the incumbent venture finance infrastructure. The Rise-Up fund by GetVantage expands our commitment to empowering women entrepreneurs in India,” said Karun Arya, Chief Growth Officer, GetVantage. “Encubay, with their extensive network of female founders, are a strategic long-term partner with whom we share a common mission to provide more women in business with fair, inclusive, and unbiased access to non-dilutive funding to realize their scaling ambitions.”
With funding without dilution, GetVantage has quickly become the go-to platform for thousands of startups and SMEs seeking finance and growth!
Speaking on the occasion, Deeksha Ahuja, Founder, Encubay said, “Of 799 funding deals amounting to $6.6 billion in the past nine months, ventures led by female founders secured only 4.5% of the total funding. With an increasing number of women venturing into entrepreneurship and many seeking funding for their initiatives, the present moment presents a pivotal opportunity for collective action. Collaborating with GetVantage, we are enthusiastic to help lead the effort to dismantle barriers and level the playing field for women entrepreneurs across India.”
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About GetVantage
GetVantage is the leading alternative funding marketplace and growth platform in India, offering SMEs quick, equitable, flexible, and non-dilutive capital. GetVantage, based in Mumbai and founded in 2020 by Bhavik Vasa and Amit Srivastava, enables data-driven investments ranging from INR 5 lakhs to INR 20 crore to accelerate business growth.
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