Glaas secures $5 million from Fusion Finance founder Devesh Sachdev
08 Apr 2026, 11:57 AMWith the investment, Sachdev has also joined the embedded credit infrastructure platform as Co-founder & Managing Director.
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Glaas has raised $5 million in a funding round with the investment coming entirely from Devesh Sachdev, founder of Fusion Finance Ltd.
With the investment, Sachdev has also joined the embedded credit infrastructure platform as Co-founder & Managing Director. Sachdev had previously founded Fusion Finance and scaled it to IPO (initial public offering) in 2022.
The Mumbai-based startup will use the fresh capital to strengthen the balance sheet of its in-house NBFC, Gromor Finance, further expand its co-lending partner ecosystem, and scale its presence across high-growth digital platforms.
Glaas was founded in 2021 by Bhupesh Morye, Santosh Shetty, Shailesh Dixit, and Sanjeev Kumar, professionals with expertise across banking, finance, and technology.
Glaas, which stands for Gromor Lending As A Service, is an embedded credit infrastructure platform that enables digital ecosystems including e-commerce, payments, agri-tech, and supply chain platforms — to offer real-time, contextual working capital solutions to MSMEs. Through API-led integrations and end-to-end credit lifecycle management, the platform enables instant underwriting, seamless disbursals, and automated repayments.
As of FY26, Glaas has disbursed over Rs 1,200 crore in loans to more than 12,000 small businesses.
"MSME lending is at an inflection point. As businesses increasingly move online, credit will be delivered where transactions happen, in a form which meets evolving working capital needs of MSMEs and well within platforms," said Devesh Sachdev, co-founder & managing Director, Glaas.
Glaas Co-founder Dixit added that the scale of the embedded credit opportunity is massive and that Sachdev's experience in building and scaling lending businesses positions the company well to accelerate growth and establish Glaas as a category-defining player.
Embedded credit is expected to contribute nearly 25% of MSME lending in India by 2030, as rapid digitisation shifts credit delivery from traditional models to platform-led distribution. The broader MSME credit market continues to attract significant investor interest, with startups such as KreditBee this week raising $280 million in a Series E round at a $1.5 billion valuation.
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