Gurugram-based NBFC Seeds Fincap has raised greater than Rs 100 crore in a Sequence B funding spherical led by the Michael & Susan Dell Basis.

Present investors Z47 and Lok Capital participated within the spherical, together with Norinchukin Capital and Alteria Capital. Unitus Capital served as monetary adviser to Seeds Fincap on the transaction.

The startup plans to make use of the recent capital to broaden into new markets and strengthen its department community, expertise infrastructure and risk-management capabilities.

Seeds is concentrating on Rs 1,000 crore in belongings underneath administration by March 2027.

Give attention to underserved small companies

Seeds Fincap was established in 2019 and started its NBFC operations in 2021. Based by Subhash Chandra Acharya and Avishek Sarkar, the corporate focuses on offering credit score to underserved MSMEs and particular person debtors. Acharya serves as its managing director and CEO.

It primarily serves nano enterprises and small companies, together with debtors whose enterprise money flows might not be adequately captured by standard credit-assessment strategies.

Seeds gives loans starting from Rs 50,000 to Rs 10 lakh and makes use of a money flow-based strategy to evaluate debtors.

Its lending mannequin combines expertise with subject groups concerned in sourcing, onboarding, credit score evaluation, documentation, collections and portfolio monitoring.

AUM reaches Rs 722 crore

Seeds Fincap stated it closed FY25 and FY26 profitably and recorded whole disbursements of about Rs 620 crore throughout FY26.

Based on the corporate’s newest disclosure, its belongings underneath administration stood at Rs 722 crore as of August 2026. On the time, Seeds had 164 branches and greater than 70,000 lively members.

The fintech firm stated it should proceed to give attention to underwriting self-discipline and portfolio high quality as it really works in the direction of its Rs 1,000 crore AUM goal.

“This capital will allow us to deepen our presence, strengthen our expertise and other people, and broaden our skill to serve extra entrepreneurs and underserved communities,” Acharya stated.

He stated the participation of the Michael & Susan Dell Basis, together with continued backing from present buyers, mirrored confidence within the firm’s lending mannequin and portfolio.

Earlier funding

The most recent spherical follows two vital fundraises by Seeds Fincap over the previous two years. In August 2025, the corporate raised Rs 50 crore in a pre-Sequence B spherical led by Z47 and Lok Capital, with participation from Norinchukin Capital and Alteria Capital.

In July 2024, Seeds raised greater than $8.5 million in a Sequence A spherical led by Lok Capital and Matrix Companions India, which later rebranded as Z47.

The corporate had stated the Sequence A funding shall be used to strengthen its expertise, broaden its lending capabilities and widen its department community.

The Sequence B capital will help the following part of that growth as Seeds seems to be to develop its mortgage e-book and enhance its presence amongst underserved small companies throughout India.