Private Equity

VC Fund Investments

SME lender Seeds Fincap raises $6-M led by Lok Capital

Startup Story  

Gurugram-based Seeds Fincap, a lender that caters to micro, small, and medium-sized enterprises (MSMEs), has raised USD 6 million (about INR 50 crore) in its Series A1 funding round led by Lok Capital. Founded by Subhash Acharya and Avishek Sarkar, Seeds Fincap specializes in addressing the financial needs of small businesses by offering customized financial products that emphasize risk management and leverage the power of technology. The company has established a presence in six states with a network of 72 branches. With assets under management (AUM) totaling INR 212 crore, Seeds Fincap claims to have facilitated more than 40,000 disbursements amounting to INR 340 crore.