Seeds Fincap, an NBFC firm that serves underserved MSMEs, raises Rs 50 crore in funding

Seeds Fincap, an NBFC delivering credit to underserved MSMEs, has raised Rs 50 crore in a pre-Series B funding round led by existing investors Z47 and Lok Capital. New investors Norinchukin Capital and Alteria Capital also joined the cap table.

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Notably, the firm is in talks to raise funding in a Series B funding round.

Seeds Fincap is a Gurugram-based NBFC firm dedicated to promoting financial inclusion and supporting the growth of MSMEs across India. By providing tailored financial solutions and leveraging technology, the firm empowers small businesses to overcome financial challenges and achieve sustainable growth.

Seeds Fincap claims to have disbursed over Rs 1,000 crore in loans and now manages over Rs 500 crore in assets, and has maintained NPAs consistently below 2%.

Its cash flow-based underwriting, combined with tech-enabled sourcing to collections, allows for high-velocity lending with robust risk controls. Its branches have reached over 50,000 borrowers, many of whom are first-time formal credit recipients.

Seeds is also building a well-diversified loan book, with Loan Against Property (LAP) expected to contribute nearly 20% of AUM in the near term.

Subhash Chandra Acharya, Managing Director and Co-Founder of Seeds Fincap added: “We see MSME lending not just as financing, but as enabling India’s economic backbone. Our approach—combining advanced analytics, strong field control, and full-stack digitization—allows us to lend responsibly at scale. This round is a strong validation of our model and positions us well for our upcoming Series B.”

Avishek Sarkar, Director and Co-Founder of Seeds Fincap, added: “Serving MSMEs means solving complexity with empathy. We’ve built a culture of execution and contextual intelligence, and we’re seeing that translate into real outcomes on the ground. This funding allows us to continue deepening our reach, expanding our product suite, and scaling responsibly.”

Anish Patil, Vice President at Z47, said: “We are strong believers in the MSME credit opportunity in India. Seeds Fincap’s deep focus on tech-enabled field operations, strong hold on credit underwriting, coupled with rigorous portfolio monitoring and diversified presence, has helped them deliver superlative asset quality in a testing market. The company has demonstrated consistent execution across metrics and we are excited to double down and deepen our partnership. We welcome Norinchukin and Alteria to the cap table and wish Subhash and Avishek godspeed for the next phase of growth.”