Funding · Financial Services

Devesh Sachdev joins GLAAS as Co-founder & MD

By Startup Enthusiast · 7 April 2026

What they do

GLAAS provides embedded credit infrastructure for small businesses

Co-founder Devesh Sachdev invested $5 million in the company

The funds will strengthen its NBFC balance sheet and expand partnerships

GLAAS has raised $5 million in funding.
The investment came from Devesh Sachdev, who is also a co-founder.
Sachdev joined GLAAS as Co-founder & Managing Director alongside the investment.
This capital injection supports the company's current operational growth strategy.
The funds are designated to strengthen the balance sheet of its NBFC.
GLAAS operates as an asset-light credit infrastructure platform for MSMEs.
It enables digital platforms to offer real-time credit to small businesses.
The company has already disbursed over ₹1,200 crore in loans.

Embedded credit is expected to account for nearly 25% of MSME lending by 2030.
Sachdev brings significant experience having previously led Fusion Finance to an IPO.
The investment signals confidence in the embedded finance model for small businesses.
GLAAS aims to scale its presence across high-growth digital platforms.
The move expands co-lending partnerships with financial institutions.

GLAAS serves as a technology layer for e-commerce and payment platforms.
It allows these platforms to offer instant credit to their users.
The company uses transaction data for instant credit assessment.
API-based integrations enable automated repayments and disbursals.
It operates an asset-light credit infrastructure model.
Loans have been disbursed to more than 12,000 small businesses.
The headquarters is located in Mumbai, India.
The company was founded under Gromor Finance in 2021.
It focuses on providing credit infrastructure rather than holding assets directly.

Devesh Sachdev (lead) — Co-founder and MD of GLAAS; former founder of Fusion Finance.