Startups Turn to Revenue-Based Financing

Among notable beneficiaries are brands like Smoor Chocolates, Imperio Restaurants, and IDC Kitchen, which have utilized RBF for initiatives such as launching new restaurants or cloud kitchens.

While venture debt—typically reserved for venture-backed startups—remains larger in scale, with an estimated $900 million in investments in 2024, RBF is rapidly growing. Collectively, Velocity and GetVantage have deployed around ₹1,000 crore since their inception in 2019-20.