PE Fund Investments
Rural-focused lender SarvaGram raises Rs.565-Cr led by Peak XV Partners
Mumbai-based lender SarvaGram Fincare has raised INR 565 crore in Series D funding led by Peak XV Partners. The round also saw participation from existing investors Temasek, Elevar Equity, Elevation Capital and TVS Capital.The fresh funds will be used by the company for expansion of its products.Founded in 2019, SarvaGram is a rural household-centric platform for financial services. The company offers farm loans, business loans, home loans, consumer durable loans, personal loans and gold loans.
Between Seo-19 and Jan-23, Sarvagram had raised about USD 54.13 M from Elevar Equity, TVS Capital, Temasek, Elevation Capital, excluding debt funding raised.
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