- The tie-up marks a step towards improving the online shopping experience & comes at an inflection point of India’s burgeoning D2C ecosystem
- GetVantage to provide preferred access to a suite of growth capital solutions
Leading alternative financing platform, GetVantage, announced a strategic partnership with D2C Same-Day Delivery platform, Zippee to provide frictionless equity-free funding to high-growth focussed D2C brands on its fulfillment platform, while giving its own portfolio instant access to same-day deliveries for customers across India.
Gurugram-based startup Zippee helps 100+ D2C businesses like Epigamia, Anveshan, Clinikally, & The Face Shop provide Same-Day Deliveries to their customers across India. Brands connect their website to the Zippee platform in just a few clicks & can kickstart same-day deliveries across India in less than 7 days. This approach helps them significantly improve customer loyalty, fulfillment costs, and RTOs by up to 90%.
GetVantage has quickly built arguably one of the largest D2C portfolios that includes 400+ of the most exciting brands in India including Bear House, Bummer, Eat Better, Rage Coffee, Malaki, Jade Forest, Snackible, WickedGud, Urban Monkey, and others. Founders simply connect their digital-marketing, finance, and marketplace accounts to the GetVantage platform to access funding up to INR 5 crore in as fast as 5 days – without diluting ownership or control. Brands like Jade Forest have increased revenues on an average of over 185% fuelled by non-dilutive capital from GetVantage.
Speaking about the partnership, Madhav Kasturia, Founder & CEO, Zippee, said, “We democratize Amazon-grade logistics for brands that want to sell more through their own online stores, have greater control over customer data, & offer solid post-purchase experiences to customers through same-day deliveries. A lot of them sign up for Zippee during their scale-up phase & can now leverage GetVantage’s ecosystem to supercharge that. GetVantage shares our vision of empowering local eCommerce businesses with technology-backed products and we’re stoked to positively impact 10,000 eCommerce businesses by 2025 together. ”
Karun Arya, Chief Growth Officer, GetVantage said, “We’re excited to join forces with like-minded partners like Zippee who share our passion for helping founders. Our joint target to reach over 10,000 D2C brands builds on the incredible momentum we’re seeing from entrepreneurs who are making bold and smarter funding choices to scale their businesses with non-dilutive working capital. The Zippee team has built a strong D2C footprint and we’re excited to help founders and brands in their ecosystem leverage the power of equity-free capital solutions to supercharge growth and fuel India’s digital economy.”
Zippee is backed by consumer giant Haldiram’s, 9Unicorns, FounderBank Capital, South Asia Technology Partners, & unicorn founders like Peyush Bansal (Lenskart), Kunal Shah (CRED), Ashneer Grover (BharatPe), Prashant Pitti (EaseMyTrip).
In India alone, the RBF opportunity is estimated at around USD 5-8 billion, with the potential to reach $40-50 billion over the next few years. The D2C space, a key driver for RBF, is predicted to be a $100 billion opportunity in India by 2025, according to Avendus Capital.
