Peak XV Partners leads ₹565-crore investment in rural credit startup SarvaGram Solutions

SarvaGram Solutions, a Pune-based credit platform that focuses on rural areas, has secured ₹565 crore in a Series D investment led by Peak XV Partners. Founded in 2019 by ​​Utpal Isser and Sameer Mishra, SarvaGram facilitates access to financial and productivity-enhancement products such as loans, farm mechanisation services and insurance, using technology to select the right products and disburse loans. “The fundraise will boost our mission of putting more power in the hands of rural households by enhancing their access and ease them into a curated set of financial and productivity enhancing solutions,” said Utpal Isser, co-founder and chief executive of SarvaGram Solutions. RBI, NABARD to push rural loans Reserve Bank of India governor Shaktikanta Das said in August the central bank was looking at a nationwide launch of a technological platform called the Unified Lending Interface in due course to speed up disbursal of credit, especially to rural and smaller borrowers, Mint reported.