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Revenue-Based Financing Startup Velocity Raised $20 Million

What is Velocity and what does it do?

Velocity is a fintech startup that offers revenue-based financing as an alternative to venture capital and traditional bank debt for e-commerce businesses in India.

Who founded Velocity?

Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop.

How much has Velocity raised?

Velocity raised $20 million in a Series A funding round.

Who has invested in Velocity?

Valar Ventures led the latest round.

What domain name does Velocity operate on?

The startup operates on the local country extension domain velocity.in. .IN is the Internet country code top-level domain (ccTLD) for India and, as of 2005, is available to anyone and used by companies, individuals, and organizations in India. Discovery, Inc. owns the exact brand match domain.

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Tsani Gramatikova

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