GetVantage, a revenue-based financing venture, and Inflection Point Ventures (IPV), an early-stage investment platform, will jointly invest ₹200 crore in different startups this year, reports The Economic Times. This corpus is available to startups regardless of the sector they operate in and whether they are early-stage or existing firms, the report says. Companies can also access a wide investor network, business opportunities, and mentorship. The partnership has been formed to provide easy and quick access to funds amid a funding winter and an anticipated global recession, says Bhavik Vasa, Founder and CEO, GetVantage. By unlocking this partnership, startup founders can foster business growth faster, says Mitesh Shah, Co-founder of IPV.
The two financing platforms have backed more than 500 businesses combined through funding and equity, respectively, the report adds.