India based revenue-based financing platform for e-commerce and DTC businesses raised $20m in Series A funding led by Valar Ventures.
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Velocity raises $20m in Series A funding
“In case the partner firm’s revenue ends up growing, it benefits us because the duration of the loan payback time is shorter. In case the revenue falls, then we also take that risk along with the business. We are saying it’s perfectly fine for them to take longer if the business is not doing as well,” he said.
