Funding · Financial Services
Seeds Fincap raises ₹100 crore Series B
By Startup Enthusiast ·
- Date
- Company
- Seeds Fincap
- What it does
- Small-business lender
- Kind
- Funding
- Amount
- ₹100 Cr
- Stage
- Series B
- Based in
- Gurugram
- Founded
- 2021
- Sector
- Financial Services
What they do
Seeds Fincap is a Gurugram lender that gives small loans to nano businesses and individuals left out by traditional credit checks
What happened
A Series B round worth over ₹100 crore was led by the Michael & Susan Dell Foundation, with existing backers joining
Why it matters
The money goes to new markets, branches, technology and risk systems, aiming for ₹1,000 crore of loans outstanding by March 2027
The details
- Seeds Fincap raised over ₹100 crore in a Series B round.
- The Michael & Susan Dell Foundation led the round.
- Z47, Lok Capital, Norinchukin Capital and Alteria Capital also took part.
- The firm has 164 branches and over 70,000 active members.
The bigger picture
- Small borrowers often lack formal records, so lenders that read cash flow fill a real gap.
- The firm made profits in FY25 and FY26, which is rare for young lenders.
- Fresh capital supports its goal of ₹1,000 crore assets under management (loans it manages) by March 2027.
About the business
- Seeds Fincap is a non-bank lender (NBFC) that gives collateral-free business loans to micro and small enterprises.
- Its customers are small shop owners and tiny manufacturers who often cannot get loans from large banks.
- It earns interest and fees on the loans it gives out.
- It serves borrowers through 164 branches across India, with over 70,000 active borrowers.
- Its loan book (assets under management) stood at ₹722 crore in August 2026.
- It is based in Gurugram and started operations in 2021.
What happens next
- Enter new markets and add branches
- Strengthen technology and risk management
- Reach ₹1,000 Cr loans outstanding by March 2027
Investors
- Michael & Susan Dell Foundation (Lead) — Philanthropic foundation
- Z47 (Existing investor) — Venture firm, formerly Matrix Partners India
- Lok Capital (Existing investor) — Impact investor
- Norinchukin Capital (Investor)
- Alteria Capital (Investor) — Venture debt firm
Founders
- Subhash Chandra Acharya, co-founder, MD and CEO; earlier worked at Midland Microfin, Bandhan Bank, Bharat Financial Inclusion, IndusInd Bank and Swadhaar FinServe. LinkedIn: https://www.linkedin.com/in/subhash-chandra-acharya-50547116/
- Avishek Sarkar, co-founder and Chief Risk Officer; MBA from Kalinga Institute of Industrial Technology. LinkedIn: https://www.linkedin.com/in/avishek-sarkar-3748297/
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.
More on Seeds Fincap
- Seeds Fincap wins Gold client protection certification20 July 2026 · News
- Seeds Fincap raises Rs 50 crore pre-Series B12 August 2025 · Funding · Rs 50 Cr
- Seeds Fincap crosses Rs 500 crore AUM11 April 2025 · Results
- Seeds Fincap raises $4.5 million via NCDs30 July 2024 · Funding · $4.5 Mn
- Seeds Fincap raises $8.5 million Series A17 July 2024 · Funding · $8.5 Mn
- InnoVen Capital lends venture debt to Seeds Fincap18 December 2023 · Funding
- Seeds Fincap raises $6 million Series A115 September 2023 · Funding · Rs 50 Cr
- Seeds Fincap opens 51st branch in Bihar26 November 2022 · Launch
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