What is SarvaGram?
Founded in 2019 and headquartered in Mumbai, Maharashtra, SarvaGram is dedicated to empowering rural India through a comprehensive bouquet of financial and productivity-enhancing offerings. Leveraging a high-tech, high-touch distribution model, the company utilizes data science to tailor solutions that meet the growing aspirations of its target demographic. This strategic approach positions SarvaGram as a key player in bridging the digital and financial inclusion gap in underserved regions.
How much funding has SarvaGram raised?
SarvaGram has raised a total of $111.5M across 3 funding rounds:
Series B
$10.5M
Series C
$35M
Series D
$66M
Series B (2021): $10.5M with participation from Elevation Capital and Elevar Equity L.L.C
Series C (2023): $35M led by TVS Capital Funds Pvt, Elevation Capital, Elevar Equity, and Temasek
Series D (2024): $66M supported by Peak XV Partners, Temasek, Elevation Capital, and Elevar Equity
Key Investors in SarvaGram
Peak XV Partners
Peak XV Partners is a venture capital firm specializing in early-stage and growth-stage technology companies across Asia, with a focus on India and Southeast Asia. They provide capital investment and strategic support to help founders build scalable businesses.
Temasek
Temasek is a global investment company headquartered in Singapore, focused on making a difference with tomorrow in mind. They invest across various sectors with a long-term perspective.
Elevation Capital
Elevation Capital is a venture capital firm that invests in companies across various stages of growth. They provide capital and strategic guidance to support the development of their portfolio companies.
What's next for SarvaGram?
The recent major strategic investment signals a new phase of expansion and development for SarvaGram. This capital infusion is expected to fuel further innovation in its data-science capabilities and distribution network, enabling the company to deepen its impact across rural India. SarvaGram is poised to enhance its offerings, potentially exploring new financial products and productivity tools to further its mission of economic empowerment. The company's focus on a 'high-tech high-touch' model suggests continued investment in both technological advancement and on-ground customer engagement to solidify its market leadership.
See full SarvaGram company page
