New Delhi, April 9 -- GLAAS, an embedded credit infrastructure platform focused on micro, small and medium enterprises (MSMEs), has raised $5 million from financial services entrepreneur Devesh Sachdev, who has also joined the company as Co-founder and Managing Director.

Sachdev previously founded Fusion Finance Limited, which he scaled from a startup to a publicly listed company in 2022. His investment and operational role signal GLAAS' push to expand its position in India's emerging embedded credit market, it said.

The company said the fundraise and leadership addition come as MSME lending in India shifts toward platform-led distribution models. Embedded credit is expected to account for nearly 25% of MSME lending by 2030, as business...