GetVantage invests in three logistics startups

Embedded finance and working capital platform GetVantage has expanded into the logistics sector, providing Rs 1.8 crore in growth capital each to three startups: Celcius Logistics, Ohm Logistics, and Fitsol.

GetVantage funds these investments through its licensed NBFC, GetGrowth Capital, and its AIF Venture Finance Fund in partnership with Varanium Capital, among other NBFC partners.

The funding will enable Celcius, Ohm, and Fitsol to scale their operations and address working capital needs to meet the increasing demand from businesses across various sectors, according to a press release from GetVantage.

Launched by Swarup Bose, Celcius Logistics aims to enhance the efficiency and reliability of cold chain logistics through technology. The platform seeks to create a robust ecosystem that ensures the safe and timely delivery of temperature-sensitive goods throughout the country, including food, pharmaceuticals, and other perishables.

Founded in 2022 by Anand Pathak, Fitsol serves as a decarbonization partner for manufacturing companies, targeting a reduction of 1 billion tons of CO2 from the supply chain. It offers an AI-powered carbon management platform that aids in the collection, measurement, and reporting of carbon footprints across various sectors.

Co-founded in 2019 by Bhavik Vasa and Amit Srivastava, GetVantage facilitates data-driven investments ranging from Rs 2 lakhs to Rs 20 crore and has funded over 1,500 SMEs and startups. The platform provides diverse non-dilutive working capital solutions for marketing, inventory, logistics, and other recurring operational expenses for businesses across sectors, including B2B SaaS, eCommerce, D2C, edtech, cloud kitchens, and more. The company is backed by prominent investors from India and Japan, including Chirate Ventures, Sony, DI Japan, DMI Fund, and InCred Capital.