News on Medial

GetVantage Floats $12 Mn Fund To Back Women Entrepreneurs

Inc42 · 1y

Revenue-based financing platform GetVantage has launched a new fund called Rise-Up to support women entrepreneurs and businesses. With an initial corpus of INR 100 Cr ($12 million), the fund aims to support over 400 women-led businesses within the next year. GetVantage will disburse the funds through its own NBFC GetGrowth Capital, along with partnerships with Varanium's Debt Fund and other NBFCs and AIFs. The company claims that over 40% of its business portfolio is led by women entrepreneurs. This initiative comes amidst a surge in women-focused funds in India.