Fintech start-up GetVantage unveils 100 crore Fund for Women-entrepreneurs
The revenue based fintech start-up GetVantage aims to support over 400 businesses by 2025 through non-dilutive capital, and we have recently formed a partnership with the diversity-focused network Encubay.
This fund is specifically designed to provide inclusive capital support to women entrepreneurs and their businesses. With an initial corpus of 
100 crore, the start-up plans to allocate the capital within the next year to assist more than 400 women-led businesses in expanding their operations.
GetVantage will distribute the funds through its own NBFC GetGrowth Capital, in addition to Varanium’s Debt Fund partnership, among various NBFCs and AIFs.Since its establishment in 2019, GetVantage has been dedicated to eliminating friction and bias from fundraising.
In the past three years, the GetVantage platform has assisted numerous women founders by providing them with immediate access to fair and dependable financing.
Currently, more than 40% of the businesses in the GetVantage portfolio (consisting of 800+ businesses across 20+ sectors) are spearheaded by women entrepreneurs such as Capsul by Bhavisha & Meenakshi, Open Secret by Ahana Gautam, Samosa Singh by Nidhi Singh, Hyugalife by Avni Shah, Ziniosa by Ashri Jaiswal, MyMuse by Anushka Gupta, EatBetter by Mridula Kanoria, The Ayurveda Co by Shreedha Singh, Noto by Ashni Shah, The Indus Valley by Madhumitha Udaykumar, Sweet Karam Coffee by Nalini Parthiban, and many others.
Based on research and statistics from the World Economic Forum and International Finance Corporation (IFC), female-led businesses in India encountered an unfulfilled credit deficit exceeding $11.4 billion. Additionally, these women entrepreneurs received a mere 5.2% of the total credit provided to enterprises by Indian public sector banks.
A recent study published by Encubay revealed that out of 799 funding agreements amounting to $6.6 billion in the past nine months, startups led by women founders secured just 4.5% of the overall funding.
Karun Arya, Chief Growth Officer, GetVantage, said with delight, “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.”
On a same note, Deeksha Ahuja, Founder, Encubay said that 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.
Diksha further said,“Collaborating with GetVantage, we are enthusiastic to help lead the effort to dismantle barriers and level the playing field for women entrepreneurs across India."
In 2023, GetVantage collaborated with the esteemed women's network Leap Club to enhance participation among female entrepreneurs in India. This alliance facilitated the coming together of women founders, investors, and supporters through community initiatives, fostering meaningful relationships, discussions, and progress.
In January, GetVantage unveiled its SaaS Accelerator Fund II, boasting a fund size of 250 crore.
Read More News :
.jpg "Caim By Arelang: India's First CandyCeuticals Company Offering Nutraceuticals in Irresistibly Tasty Treats")
