Financing startup GetVantage raises $5 million in seed round

GetVantage, the Mumbai-based fintech platform pioneering Revenue-Based Financing (RBF) for eCommerce and online businesses across India and Southeast Asia, on Tuesday announced it has raised $ 5 million in a seed round.

The capital raised is a mixture of equity and debt-line (money it can use for funding businesses), and sees the fintech company backed by Chiratae Ventures (formerly IDG Ventures) along with Dream Incubators (Japan) and other marquee NBFCs and debt funds.