SarvaGram Solutions, a credit platform based in Pune, has secured ₹565 crore in Series D funding, with Peak XV Partners leading the investment. The company plans to use these funds to grow its credit product offerings across more regions in India.
Current investors Temasek, Elevar Equity, Elevation Capital, and TVS Capital also participated, bringing SarvaGram’s total funds raised to ₹950 crore.
Founded in 2019 by Utpal Isser and Sameer Mishra, SarvaGram connects rural households to financial services that enhance productivity, including loans, farm machinery, and insurance.
The company uses technology to identify the right products and streamline loan disbursements, meeting the unique needs of its three primary segments: farm, salaried, and small-business households. With 150 branches across five states, SarvaGram manages nearly ₹1,200 crore in assets, with 70% of these secured against property.
SarvaGram also provides insurance products and farm mechanization services through a dedicated workforce and local partners.
“The fundraise will boost our mission of putting more power in the hands of rural households by enhancing their access and ease them into a curated set of financial and productivity enhancing solutions,” said Utpal Isser, co-founder and chief executive of SarvaGram Solutions.
Avendus Capital acted as the exclusive financial advisor for this transaction.
