Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.
The company said it has fully deployed the original corpus and has earmarked nearly four times the amount for this follow-on fund given the inbound interest from hundreds of SaaS founders over the past 12-18 months.
Homegrown fintech startups Velocity and GetVantage, which provide revenue-based financing to startups, are raising funds to invest in software-as-a-service (SaaS) companies, the two firms said ..