Gurugram-based fintech NBFC Seeds Fincap has raised ₹50 crore in a Pre-Series B funding round led by existing investors Z47 and Lok Capital, with fresh participation from Norinchukin Capital and Alteria Capital. The capital infusion will enable strategic expansion of its branch network into underserved regions, bolster tech and risk infrastructure, and support a broader product suite ahead of a planned Series B raise.
Funding Round & Strategic Outlook
Existing investors Z47 and Lok Capital reaffirmed their confidence in Seeds Fincap’s growth trajectory.
New backers Norinchukin Capital and Alteria Capital also joined, signaling fresh institutional belief in the business model.
Use of Funds:
Expand from ~120 current branches across eight states by adding 40 more by year-end. Key target states include Rajasthan, Uttar Pradesh, and Bihar.
Strengthen technological capabilities and risk management infrastructure ahead of the Series B fundraise.
Broaden product offerings with an emphasis on responsible, tech-enabled lending.
Business Model & Performance Summary
Founded: 2021 by Subhash Chandra Acharya and Avishek Sarkar.
Loan Disbursements: Over ₹1,000 crore to date.
Assets Under Management: ₹500 crore, with NPA rates consistently below 2%.
Customer Reach: More than 50,000 MSMEs, many first-time formal borrowers.
Operational Footprint: Focus on Tier 2 and Tier 3 cities through a tech-driven and field-enabled model.
Expert Perspectives
Anish Patil, Vice President at Z47:
“Seeds Fincap’s deep focus on tech-enabled field operations, strong underwriting, and diversified presence has delivered superlative asset quality in a testing market.”
Rajat Bansal, Managing Director at Lok Capital:
“They’re delivering high-quality credit, deep market reach, and real impact—bringing underserved MSMEs to formal finance sustainably.”
Hiroki Kawabata, Director at Norinchukin Capital:
“Seeds stays close to the ground while building scalable, tech-enabled systems. We’re proud to support their vision of empowering small entrepreneurs.”
Ankit Agarwal, Managing Partner at Alteria Capital:
“They blend strong systems, local intelligence, and executional focus—building trust and credibility one relationship at a time.”
Significance for the BFSI Sector
Growth Validation: Continuous investor backing demonstrates belief in Seeds Fincap’s disciplined, tech-first MSME lending model.
Financial Inclusion: Strengthening outreach in Tier 2 and 3 cities supports India’s broader financial inclusion agenda.
Future Preparedness: Enhanced risk and technology infrastructure positions Seeds Fincap for scalable and responsible growth in its next phase.
