India, Oct. 1 -- Delhi NCR-based NBFC Seeds Fincap raised more than Rs.100 Cr ($10.4 Mn) in a Series B funding round led by the Michael & Susan Dell Foundation, with participation from existing backers Z47 and Lok Capital, alongside Norinchukin Capital and Alteria Capital.

The company will use the fresh capital to scale its branch network, enhance risk-management systems, and expand into new markets.

"This capital will enable us to deepen our presence, strengthen our technology and people, and expand our ability to serve more entrepreneurs and underserved communities," said cofounder Subhash Chandra Acharya, who serves as its MD and CEO.

Founded in 2021 by Acharya, Avishek Sarkar and Sumeet Dhall, Seeds Fincap provides credit products ...