# SarvaGram Fincare Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sarvagram-fincare-private

- Industry: Financial Services
- Headquarters: Pune, India
- Website: www.sarvagram.com
- Total disclosed funding: $116M
- Latest round: Series D (Nov 14, 2024)
- Investors on record: 5

## About

Based in India, SarvaGram Fincare Pvt. Ltd is a financial services provider focused on enhancing rural livelihoods through tailored loans, agricultural machinery access, and insurance solutions.SarvaGram Fincare Pvt. Ltd operates as a financial services company dedicated to supporting rural communities in India. Founded in 2018 in Maharashtra, India, the company has successfully raised INR 5.65 billion in its latest Series D funding round on November 14, 2024, led by Peak XV Partners, with participation from Elevar Equity, Elevation Capital, Temasek Holdings, and TVS Capital Funds. The firm was co-founded by Sameer Mishra and Utpal Isser, who have a history of entrepreneurship in financial services. The company has completed a total of 5 investment deals.SarvaGram offers a range of tailored financial and agricultural services aimed at enhancing the livelihoods of rural households in India. Their core product offerings include household loans that leverage the combined earning potential of families, on-demand farm equipment services facilitated through a network of SarvaMitra franchise partners, and personalized insurance plans designed to meet specific local needs. These services address critical issues for their customer base, primarily consisting of rural farmers and community members who seek financial support, access to agricultural machinery, and protection for their households. SarvaGram operates in various agricultural regions across India, focusing on areas where smallholder farming is prevalent and where access to financial and agricultural resources is limited.In the most recent fiscal year of 2022, SarvaGram reported a revenue of INR 2,749,068.70 and an EBITDA of INR -1,228,020.80. The revenue structure is primarily derived from service fees associated with their financial products, including household loans and insurance plans, as well as transaction fees from the usage of farm equipment services. Clients, typically rural households and local farmers, engage in transactions for loans based on their financial profiles and needs, while also accessing farm equipment on a pay-per-use basis. The company fosters partnerships with SarvaMitra franchisees, who facilitate these transactions within their local communities, along with tailored insurance products that clients purchase to safeguard their financial future.In November 2024, SarvaGram Fincare Private Limited raised INR 5.65 billion in Series D funding to enhance its financial service platform. The company plans to develop new financial products tailored to the specific needs of rural communities. Additionally, SarvaGram is looking to expand its operations into new geographical markets, with a focus on regions that exhibit a significant rural farming population. The funding will be utilized to support the development of these new services and the expansion into targeted markets.

## Funding rounds

- Series D, Nov 14, 2024, $67M — Temasek Holdings, Elevar Equity, TVS Capital Funds, Elevation Capital, Peak XV Partners
- Series C, Jan 3, 2023, $35M — Elevar Equity, TVS Capital Funds, Temasek Holdings, Elevation Capital
- Series B, Feb 8, 2021, $10M — Elevar Equity, Elevation Capital
- Seed, Oct 9, 2019, $3.5M — Elevar Equity

## Investors

- Elevar Equity (https://capitalatlas.ai/funds/elevar-equity) — Seed, Series B, Series C, Series D
- Elevation Capital — Series B, Series C, Series D
- TVS Capital Funds (https://capitalatlas.ai/funds/tvs-capital-funds) — Series C, Series D
- Temasek Holdings — Series C, Series D
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series D