GetVantage is a financial technology company that provides revenue-based financing as an alternative funding solutions to small and medium-sized enterprises and startups.
[6] In May 2023, GetVantage obtained a license as a non-banking financial company from the Reserve Bank of India for its NBFC division, GetGrowth Capital.
For early-stage startups and SMEs with slim margins, these costs can divert funds from growth areas like product development or market expansion.
The model's dependence on fluctuating revenue cycles can be challenging in India's volatile market, potentially extending repayment periods and delaying profitability.
Also, India's need for a clear regulatory framework adds legal risks, exposing startups to potential disputes and unfavorable terms.