Sarvagram, a company providing financial services and allied interventions to improve the productivity of individuals and small enterprises in rural and semi-urban India using technology, has raised its second round of funding of INR 77 Crores led by Elevation Capital along with pro-rata participation from existing investor Elevar Equity.
Sarvagram is building India's first household-centric, data-science-led 'high-tech high-touch distribution platform providing a bouquet of financial and productivity-enhancing offerings to meet the growing aspirations of rural India. Sarvagram is co-founded by Utpal Isser and Sameer Mishra, who brings more than 20 years of experience across retail, rural banking and NBFCs.
Elevation Capital (formerly SAIF Partners) is an early-stage investor, with $2 billion under management across consumer internet, financial services, logistics, enterprise SaaS, consumer brands and B2B services, including several category-defining players such as Paytm, Swiggy, Urban Company, ShareChat, Meesho, NoBroker, Spinny, Acko, NSE and Aye Finance.
Elevar Equity, a human-centered capital firm, invests in transformative and scalable entrepreneurial ventures focused on underserved customers in low-income communities in India and Latin America.
Link Legal India Law Services advised Sarvagram and its founders led by a team comprising the Co-Managing Partner Nusrat Hassan, Associate Partner Yosham Vardhan, Senior Associate Ankit Agarwal and Associate Abhinav Anand.