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Funding

Lendingtech startup SarvaGram raised $35 million Series C from Elevar Equity and others

Lendingtech startup SarvaGram raised $35 million Series C from Elevar Equity, Elevation Capital, Temasek, TVS Capital Funds and Elevar Equity.

SarvaGram began operations in 2019 as a household financier, providing credit products to rural and semi-urban Indian households. SarvaGram will invest new funds to expand its distribution network by adding 75 new locations by the end of fiscal year 2024. It will also use the funds to hire technical talent and strengthen its current technology stack. Its portfolio includes five products: business, farm, personal, home, and gold loans.

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