Seeds Fincap Private Limited | Rs 100+ Cr (Series B)

Founders: Subhash Chandra Acharya, Avishek Sarkar, Sumeet Dhall

Founded: 2021

HQ: Gurugram

Sector: Fintech / NBFC, MSME Lending

What they do

→ Provides credit to underserved individuals and MSME borrowers, with a focus on nano enterprises and small businesses

→ Offers loans ranging from Rs 50,000 to Rs 10 lakh

→ Uses a cash-flow-based approach to assess borrowers rather than relying on traditional credit scoring

→ Combines technology with field teams for sourcing, onboarding, credit assessment, documentation, collections and portfolio monitoring

The Funding

→ Raised more than Rs 100 crore in Series B funding

→ Led by the Michael & Susan Dell Foundation

→ Existing investors Z47 and Lok Capital returned, joined by Norinchukin Capital and Alteria Capital

→ Follows Rs 50 crore raised in 2025 and an $8.5M Series A in July 2024, Unitus Capital advised on this round

Why it matters

→ Closed both FY25 and FY26 profitably, disbursed around Rs 620 crore in loans in FY26

→ Has Rs 722 crore in AUM, 164 branches and 70,000+ active members as of August 2026

→ Targeting Rs 1,000 crore in AUM by March 2027

→ Signals continued investor appetite for profitable, tech-enabled lenders serving India's underserved small business segment

Can cash-flow-based lending actually scale credit access for nano enterprises, or does risk just get harder to price as you grow?