New Delhi, April 7 GLAAS, an embedded credit infrastructure platform for MSMEs, announced on Tuesday that Devesh Sachdev has joined the company as Co-founder and Managing Director.
He has also invested $5 million in the company, GLAAS said in a statement.
Sachdev had previously founded Fusion Finance Ltd, which he scaled from its startup stage to the launch of an IPO in 2022, it said.
GLAAS aims to capture a significant share of the rapidly emerging embedded credit opportunity in India, as MSME lending shifts from traditional models to platform-led distribution.
Embedded credit is expected to contribute nearly 25 per cent of MSME lending by 2030.
As commerce continues to digitize and ecosystems become the primary interface for MSMEs, GLAAS is positioning itself to become the underlying credit layer powering this shift at scale, it said.
With the latest funding and leadership expansion, GLAAS is focused on strengthening the balance sheet of its in-house NBFC, Gromor Finance, further expanding its co-lending partner ecosystem, and scaling its presence across high-growth digital platforms, it added.
