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. See more

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

Detail Round Breakdown

Round 1

$20M

Series Name

:

SERIES-A

Date

:

17th Nov 2021

Investors

:
1.

Valar Ventures

2.

Presight Capital

3.

iSeed Ventures

See More