Devesh Sachdev Joins GLAAS, Invests $5M

New Delhi, Apr 7 (PTI) GLAAS, an embedded credit infrastructure platform for MSMEs, on Tuesday said that Devesh Sachdev has joined the company as Co-founder and Managing Director.

He also invested USD 5 million in the company, GLAAS said in a statement.

Sachdev had earlier founded Fusion Finance Ltd, which he scaled up from its startup stage to the launch of IPO in 2022, it said.


GLAAS said it aims to capture a significant share of the fast-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 digitise 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 fundraise 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.