Velocity is providing Fast & Flexible Growth Capital for eCommerce brands.
Basic Information
Bengaluru, Karnataka based Velocity provides revenue-based financing, up to Rs 3 crores, for marketing and inventory spends of online businesses. Their vision is to be the easiest and fastest way for new age businesses to raise growth capital. Being founders themselves, they strongly felt the need of a fast, flexible and non-dilutive mode of financing. They claim themselves to be India’s largest revenue-based financing platform. They work with direct to consumer (D2C) brands and eCommerce businesses who spend online to acquire customers, generate healthy revenues and accept online payments. Their Salient Features: Fast - Apply online and get a term-sheet within 2 minutes. Get funded within 5 days through a fully digital process; Flexible - Deploy flexibly and pay only for what you use. Repay flexibly as a percentage of your revenue; Fair - Founder friendly capital with no equity, collateral or personal guarantees. Pay just a single flat fee of 5-8%; Scalable - Funding which keeps scaling with your revenues. Build a repayment history and keep getting better terms.
Legal Name
:
White Wizard Technologies Pvt Ltd
Headquarters
:
Bengaluru, Karnataka, India
Founding Date
:
1st Jan 2020
No. of Employees
:
21 to 40
Core Team
:
1.
Abhiroop Medhekar
Co-Founder
2.
Atul Khichariya
Co-Founder
3.
Saurav Swaroop
Co-Founder
Funding
Total Funding
$10.3M
Investors
:
1.
Valar Ventures
Round 1
$20M
Series Name
:
SERIES-A
Date
:
17th Nov 2021
Investors
:
1.
Valar Ventures
2.
Presight Capital
3.
iSeed Ventures
4.
Zac Prince
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