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Velocity launches Rs 300 Crore growth capital fund for Indian B2B SaaS companies

OutlookIndia · 1y

Velocity, a data-driven financial solution provider, has introduced a 300-crore growth capital fund in India to support the next generation of B2B software-as-a-service (SaaS) businesses. The company offers customized financial solutions and partnerships with leading financial entities. Their fixed-term credit product provides financing proportional to monthly recurring revenue for SaaS businesses. Velocity aims to empower these businesses with flexible capital solutions to navigate challenges in customer acquisition and financing. Founded in 2020, Velocity plans to double its e-commerce disbursements and expand into new sectors in the future.