How Bhumi achieved an average year-on-year growth of 32%

“Speed trumps everything and to us Outfund is among the fastest financing options available in the market. Your team has been phenomenal in our journey.”

Dushyant Baravkar, Founder of Bhumi

Challenge

The surge in consumer spending during the pandemic propelled Bhumi into the e-commerce limelight. "We started selling more than we anticipated," Dushyant recalls. This unexpected success instilled confidence, leading them to fully invest in their venture. However, rapid growth brought along a pressing need for capital.

Finding suitable growth financing options became challenging, especially considering Dushyant's reluctance towards early-stage investors and the limitations of traditional banking facilities. Relying solely on conventional bank loans proved to be restrictive, prompting Bhumi to explore alternative avenues.

Solution

Navigating the lending landscape, Bhumi discovered the potential of revenue-based financing, as it gained momentum during the pandemic. "We stumbled upon the revenue-based finance industry," recalls Dushyant. Ultimately the decision was made because the founders “wanted to return the cash quickly in order to borrow a little bit more if need be,” and revenue based finance offered the flexibility and speed needed to fuel Bhumi's growth plans.

Bhumi opted for a balanced approach, combining revenue-based financing with traditional bank facilities. "Having one revenue-based provider alongside a traditional bank facility makes perfect sense for an e-commerce and capital-intensive business like ours," explains Dushyant.