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Funding

Seeds Fincap adds Rs 10 crore equity

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Seeds Fincap logo
Date
Company
Seeds Fincap
What it does
MSME lender, Gurugram
Kind
Funding
Amount
Rs 10 Cr
Stage
Equity round
Based in
Gurugram
Founded
2021

What they do

Existing investors and the founding promoters put in about Rs 10 crore of fresh equity in the lender

What happened

Total equity raised by the company now stands near Rs 40 crore, after this latest round closed

Why it matters

The company had just reached Rs 100 crore of assets under management, running 41 branches across three states

The details

  • Seeds Fincap closed a fresh equity round of about Rs 10 crore.
  • Existing backers and the promoters (founders) funded it.
  • Total equity raised so far is about Rs 40 crore.
  • It runs 41 branches in Uttar Pradesh, Haryana and Rajasthan.

Investors

About Seeds Fincap

Product
Gurugram-based NBFC firm dedicated to promoting financial inclusion and supporting the growth of MSMEs across India
Customers
Underserved MSMEs and small businesses in India.
How it makes money
Provides business loans through an NBFC model, earning through lending income and related fees.
What sets it apart
Uses cash flow-based underwriting with tech-enabled sourcing and collections.

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