Fintech company SarvaGram raised a Series D funding round totaling ₹565 crore, which is equal to almost $67 million.
Bengaluru-based venture capital and growth investing firm Peak XV Partners led the round with participation from returning investors Elevar Equity, Elevation Capital, Temasek Holdings and TVS Capital.
SarvaGram’s digital platform is specifically designed to serve the needs of rural India. It connects customers with farm, business, personal and home loans, as well as life, accident and health insurance offerings. The Pune company also provides farmers with an equipment rental service.
SarvaGram plans to use its new capital to bring its credit offerings to new regions in India, according to reporting by Entrackr. The company’s funding to date now totals ₹950 crore, or roughly $112.5 million.
