Seeds Fincap Pvt Ltd, an NBFC focused on supporting small businesses across India, has raised more than Rs 100 crore in its Series B funding round, led by the Michael & Susan Dell Foundation.
Existing investors Z47 and Lok Capital also participated in the round, along with Norinchukin Capital and Alteria Capital. Unitus Capital acted as the main financial adviser for the transaction.
Funding to Support Rural and Semi-Urban Expansion
Seeds Fincap plans to use the fresh capital to expand its physical branch network, hire more field employees and improve its risk management and tracking technology.
The company is looking to grow deeper into rural and semi-urban markets, where many small business owners still find it difficult to access formal credit from traditional banks.
The latest funding comes as Seeds Fincap targets Rs 1,000 crore in assets under management (AUM) by March 2027.
Helping India’s Small Businesses Access Credit
Founded in 2021 by Subhash Chandra Acharya, Avishek Sarkar and Sumeet Dhall, Seeds Fincap focuses on nano enterprises, including very small businesses and traders that may have limited access to formal financial services.
Instead of depending mainly on traditional collateral, the company looks at the cash flow and day-to-day business activity of borrowers while assessing their ability to repay loans.
Seeds offers loans ranging from Rs 50,000 to Rs 10 lakh, helping small businesses get working capital and other financial support.
Subhash Chandra Acharya, MD & CEO of Seeds Fincap, said the company was happy to have the Michael & Susan Dell Foundation join as the lead investor. He added that continued support from existing investors reflects confidence in Seeds’ business model and portfolio.
According to Acharya, the new capital will help the company expand its reach, improve its technology and support more underserved entrepreneurs.
Seeds Fincap Reports Growth
Seeds Fincap reported a profit in both FY25 and FY26, showing continued improvement as the company expanded its lending operations.
During FY26, the NBFC disbursed around Rs 620 cr in loans. Its AUM stood at Rs 722 crore as of August 2026.
The company has also built a growing physical presence across India. Its network has reached 164 branches, while its active borrower base has crossed 70,000 customers.
The company now aims to build on this base and continue expanding its lending services in smaller cities and towns.
Investors See Opportunity in Small Business Lending
Rakesh Goyal, Head of Financial Services in India at the Michael & Susan Dell Foundation, said small-business owners often face difficulties when trying to access formal credit.
He highlighted Seeds Fincap’s combination of local market understanding and risk assessment practices as an important part of its approach to serving this segment.
Anish Patil, Principal at Z47, which invested in Seeds at an early stage, said the fund was attracted by the founders’ experience in small business lending.
Patil also noted that Seeds has grown its loan book over the last three years while continuing to focus on disciplined credit and risk management.
With its latest funding, expanding branch network and growing borrower base, Seeds Fincap is now looking to take small-business lending deeper into India’s underserved markets. Its target of reaching Rs 1,000 cr AUM by March 2027 could mark another major step in its growth journey.
