GetVantage introduces the Rise-Up Fund, a Rs 100 crore initiative designed to support women entrepreneurs.

Alternative-financing fintech platform GetVantage has unveiled its Rise-Up Fund, a dedicated initiative with an initial corpus of Rs 100 crore aimed at providing capital support to women entrepreneurs’ businesses. The non-dilutive fund plans to deploy the capital within the next 12 months. GetVantage, founded in 2020 by Bhavik Vasa, operates as an alternative funding marketplace and growth platform, offering non-dilutive capital ranging from Rs 5 lakhs to Rs 20 crore to help SMEs scale their growth. The Mumbai-based company will disburse the funds through its NBFC, GetGrowth Capital, in collaboration with Varanium’s Debt Fund partnership and other NBFCs and AIFs. GetVantage’s platform provides non-dilutive working capital solutions for various purposes, including marketing, inventory, logistics, and other recurring CapEx, across sectors such as B2B SaaS, eCommerce, D2C, edtech, and cloud kitchens. The company reports over 15,000 signups and investments in over 850 new-age businesses in India. Previously partnering with leap.club in 2023 to engage women entrepreneurs, GetVantage seeks to address the unmet credit gap for women-led businesses in India, as reported by the World Economic Forum and IFC.