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SarvaGram Secures INR 565 Crore in Series D to Fuel Financial Access for Rural India

Lendingtech startup SarvaGram has successfully closed its Series D funding round, raising INR 565 crore (around $67 million), led by Peak XV Partners. Key existing investors such as Temasek, Elevar Equity, TVS Capital, and Elevation Capital also contributed to this round. This investment brings SarvaGram’s total funding to INR 950 crore, reflecting strong investor confidence in the startup’s mission to provide financial access to underserved communities in India.

Founded with a vision to bridge financial gaps for rural and semi-urban households, SarvaGram has developed a lending platform tailored to the unique needs of these communities. SarvaGram’s model leverages technology to assess financial needs and provide customized loans, making it easier for those without formal banking access to secure funding. The platform addresses the specific challenges rural borrowers face, such as limited credit history and lack of financial documentation, which often disqualify them from traditional lending channels.

This latest funding infusion will support SarvaGram’s plans to enhance its lending capabilities, strengthening its position in unbanked and underserved areas across India. By increasing its loan offerings, SarvaGram aims to meet the growing demand for accessible financial solutions in rural and semi-urban markets. The company’s approach includes not just providing loans but also offering financial literacy resources to help households manage their finances more effectively.

SarvaGram’s lending model relies heavily on advanced technology to create risk models, verify borrowers, and streamline the lending process. With this fresh capital, SarvaGram plans to invest further in its technology platform to scale operations efficiently and ensure seamless service delivery. This expansion includes bolstering data analytics and machine learning capabilities, which will help the company assess risk with greater accuracy and support more households with customized financial products.

SarvaGram’s efforts to drive financial inclusion are particularly significant in a market where many households remain disconnected from formal banking. By providing customized lending solutions, SarvaGram empowers rural households with financial tools for personal growth, business expansion, and long-term economic stability. The company’s continued growth is set to make a substantial impact in narrowing the financial inclusion gap in India’s rural landscape.

Credit: This article is based on information from Inc42Economic Times, and YourStory.

Key Highlights:

  1. SarvaGram has raised INR 565 crore led by Peak XV Partners, reaching a total funding of INR 950 crore.
  2. The funds will expand SarvaGram’s lending services in rural and semi-urban India.
  3. SarvaGram plans to enhance its technology platform for streamlined lending and risk assessment.
  4. The investment supports SarvaGram’s mission to bridge the financial inclusion gap in underserved markets.
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