Delhi NCR-based NBFC Seeds Fincap has raised over ₹100 crore (around $10.4 million) in a Series B funding round led by the Michael & Susan Dell Foundation, with participation from existing backers Z47 and Lok Capital, alongside Norinchukin Capital and Alteria Capital.
Founded in 2021 by Subhash Chandra Acharya (MD and CEO), Avishek Sarkar and Sumeet Dhall, Seeds Fincap provides credit products ranging from ₹50,000 to ₹1 lakh to underserved individuals and micro, small and medium enterprises. The startup uses a proprietary, cash-flow-driven assessment approach to underwriting, supported by technology and field operations — a model that reaches borrowers traditional lenders overlook.
The numbers explain why top-tier capital is backing this round. Seeds Fincap claims to have been profitable in both FY25 and FY26, with total disbursements of approximately ₹620 crore in FY26 and ₹722 crore in assets under management. The company is now targeting ₹1,000 crore in AUM by March 2027. Its physical footprint has scaled fast: 164 branches with over 70,000 active members as of August 2026.
The fresh capital will be used to scale the branch network, enhance risk-management systems and expand into new markets. Acharya said the capital will enable the company to deepen its presence, strengthen its technology and people, and expand its ability to serve more entrepreneurs and underserved communities.
The raise lands in a hot lending-tech moment: lending tech startups are expected to account for more than half of India's fintech market, which is projected to generate over $250 billion in revenue by 2030 on rising credit adoption. And the exit window is opening — SEBI recently cleared the proposed IPO of Fibe's parent Social Worth Technologies, digital lending unicorn Moneyview completed its stock market debut, and Kissht and Aye Finance also listed earlier this year.
Why it matters for founders
Seeds Fincap proves that profitability plus distribution depth beats valuation hype in lending: 164 branches, 70,000+ active members and two straight profitable years won this round. The Dell Foundation leading signals that impact capital and commercial capital are converging in Indian micro-lending. If you are building in credit, prioritise underwriting discipline and branch economics early — the IPO window for lending tech is visibly open, and buyers will reward profitable growth over pure scale.