Only those candidates can apply who:
1. are available for full time (in-office) internship
2. can start the internship between 21st Oct'21 and 25th Nov'21
3. are available for duration of 3 months
4. have relevant skills and interests
* Women wanting to start/restart their career can also apply.
Velocity, through its Lender partners, facilitates revenues based financing to companies against a fixed fees of 5-8%. Unlike traditional options (VC and Banks) the capital is offered without any equity, collaterals or personal guarantees. The repayments are made as a percentage of future revenues. The company can access anywhere between INR 10 lakhs to INR 2 crore depending upon the requirements and performance of the company.
For example, lets say Company A raises Rs 40 Lakhs through Velocity at a 6% fixed fee and 10% revenue share. In this case, Velocity shall facilitate a payment of Rs. 40 Lakhs for the company. Company would keep sharing 10% of its future revenue with Velocity until it pays back a total Rs 42.4 lakhs.
