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GetVantage's Rise-Up Fund: Empowering Women Entrepreneurs with Rs 100 Cr Boost

GetVantage, an alternative-financing fintech platform, has unveiled a groundbreaking initiative aimed at empowering women entrepreneurs in India. The company has introduced the Rise-Up Fund, dedicated to providing capital support specifically for women-led businesses. With an initial fund size of Rs 100 crore, this non-dilutive fund intends to deploy the capital over the next year to bolster women entrepreneurs' ventures.

In conjunction with the launch of the Rise-Up Fund, GetVantage has also forged a strategic partnership with Encubay, a network focused on promoting diversity and inclusion.


Established in 2020 by Bhavik Vasa, GetVantage serves as a marketplace and growth platform offering non-dilutive capital solutions to small and medium-sized enterprises (SMEs). The platform facilitates data-driven investments ranging from Rs 5 lakhs to Rs 20 crore, enabling businesses to scale their growth trajectories.


According to GetVantage, the Rise-Up Fund will disburse funds through its own NBFC, GetGrowth Capital, as well as through partnerships with Varanium's Debt Fund and other NBFCs and AIFs. Earlier this year, the company announced its SaaS Accelerator Fund II with a corpus of Rs 250 crore.


GetVantage's platform provides various non-dilutive working capital solutions tailored for marketing, inventory, logistics, and other recurring capital expenditures across multiple sectors, including B2B SaaS, eCommerce, D2C, edtech, and cloud kitchens. The company reports having garnered more than 15,000 signups on its platform and invested in over 850 emerging businesses in India.


Furthermore, GetVantage highlights its previous collaboration with leap.club, a women's community, in 2023, aimed at fostering engagement among women entrepreneurs nationwide. This partnership facilitated connections and conversations among women founders, investors, and enablers, fostering growth opportunities within the community.


Recent data from the World Economic Forum and IFC reveals a significant credit gap for women-led businesses in India, estimated at over $11.4 billion. Despite this, women founders receive only a fraction—5.2%—of the total outstanding credit extended to enterprises by Indian public sector banks.


Through initiatives like the Rise-Up Fund, GetVantage seeks to address this disparity by providing critical financial support to women entrepreneurs, thereby catalyzing their success and contributing to greater gender diversity and economic empowerment in India's entrepreneurial landscape.


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