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Seeds Fincap, a Gurugram-based non-banking financial company, has raised ₹50 crore in a Pre-Series B funding round to expand its lending operations for micro, small, and medium enterprises (MSMEs) in India
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The funding round was led by existing investors Z47 and Lok Capital, with new contributions from Norinchukin Capital and Alteria Capital, setting the stage for a larger Series B fundraise later this year
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Founded in 2021, Seeds Fincap has grown rapidly, with 120 branches across eight states, using advanced analytics and local market insights to provide credit to entrepreneurs often overlooked by traditional banks
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The company has successfully reached over 50,000 borrowers, offering loans for working capital and business expansion, thereby transforming many small enterprises into sustainable businesses
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Seeds Fincap closed the fiscal year 2025 profitably, having disbursed over ₹1,000 crore in loans and managing ₹500 crore in assets, while maintaining non-performing assets below 2%
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By leveraging technology for operations and a localised approach, Seeds Fincap is positioning itself as a credible alternative to traditional banks and informal moneylenders
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The MSME sector in India, a significant contributor to GDP and employment, faces a ₹30 trillion credit gap, which Seeds Fincap aims to address through its innovative lending strategies
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Investors are confident in Seeds Fincap’s approach, appreciating its tech-enabled operations and disciplined credit practices, which have resulted in high asset quality
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The new funding will support Seeds Fincap's expansion into underserved regions, enhance its technology and risk infrastructure, and develop a broader range of loan products for small businesses
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As Seeds Fincap prepares for its Series B round with the help of Unitus Capital, it aims to accelerate its growth and become a key partner in the long-term success of India’s small entrepreneurs
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