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VCGuy

Believe me, it’s not... • 9m

Peak XV is looking to participate in a $50 M funding round of Sarvagram, a rural credit startup. ⏩Total Funding: $51.1 M ⏩Investors include: Elevation Cap., Alteria, TVS Cap., Temasek 📄Did a bit of research around Sarvagram - - Focuses on offering credit to semi-urban, rural households (underbanked but creditworthy people) - Offers a range of loans: Farm, Gold, Housing, Personal. Also provides pay-per-use farm rental equipment - Sarvagram USP: Treats the household as one economic unit, unlike banks and NBFCs that usually assess only individual repayment capacity - Uses a data-driven intelligence platform to assess credit-worthiness of a household - Sarvagram achieves a collection efficiency of 98%+ (as per elevation's inv. memo) 💡High consumer trust is a must when handling money matters - - Sarvagram has developed an in-house pincode level index to assess credit-worthiness and repayment capacity - They set up central outlets and expand through village-level franchises(sarvamitras) to deepen their reach ⏩Founders Utpal and Sameer are seasoned banking veterans --> Utpal led rural banking at ICICI Bank, while Sameer headed rural units at Fullerton. Sarvagram will likely reach a valuation of ~$200 M post this fundraise.

4 Replies

Replies (4)

Anonymous 2

Hey I am on Medial • 9m

With founders experienced in rural banking, Sarvagram seems to be well positioned

Anonymous 4

Hey I am on Medial • 9m

wow rural financing innovation is also a thing? didn't know. Thanks for sharing man

Anonymous 3

Hey I am on Medial • 9m

98% collection is damn impressive

Anonymous 1

Hey I am on Medial • 9m

Achieving over 98% collection efficiency speaks volumes about their operational effectiveness and customer trust. Impressing collection rate, damn.

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