GetVantage, an embedded finance and working capital platform has made a strategic entry into the logistics sector by investing Rs 1.8 crore in growth capital for three emerging startups: Celcius Logistics, Ohm Logistics, and Fitsol. This infusion of funds is aimed at scaling their operations and meeting increasing demand from businesses across various sectors.
The investments, made through GetVantage’s licensed NBFC arm, GetGrowth Capital, and its AIF Venture Finance Fund in collaboration with Varanium Capital and other NBFC partners, highlight the platform’s commitment to fostering innovation in the logistics space.
Celcius Logistics, founded by Swarup Bose, specializes in cold chain logistics, ensuring the safe and efficient delivery of temperature-sensitive goods, such as food and pharmaceuticals, across India. The company leverages technology to enhance the reliability and effectiveness of its operations.
Fitsol, launched by Anand Pathak in 2022, focuses on decarbonization efforts within the supply chain. The startup’s AI-powered carbon management platform helps manufacturing companies monitor, measure, and report their carbon footprint, to reduce 1 billion tons of CO2 emissions across various industries.
GetVantage, co-founded in 2019 by Bhavik Vasa and Amit Srivastava, has funded over 1,500 SMEs and startups through non-dilutive working capital solutions. These solutions cater to various business needs, such as logistics, inventory, marketing, and recurring operational expenses, across sectors like B2B SaaS, eCommerce, edtech, and more. Backed by investors including Chirate Ventures, Sony, and DI Japan, GetVantage provides data-driven investments ranging from Rs 2 lakhs to Rs 20 crore, empowering startups to scale without diluting ownership.
This latest investment in Celcius, Ohm Logistics, and Fitsol underscores GetVantage’s expanding focus on supporting the logistics sector’s growth and innovation, meeting the sector’s evolving financial and operational needs.
