PRESS RELEASE
19 February 2021

Link Legal Advises Sarvagram In Series B Funding Of INR 77 Crores From Elevation Capital And Elevar Equity

DL
Dentons Link Legal

Contributor

Established in 1999, Dentons Link Legal is a full service corporate and commercial law firm with over 40 partners and 150 lawyers across multiple practice areas. With offices across all major Indian cities and access to more than 200 offices in more than 80 countries of Dentons’ combination firms across the world, Dentons Link Legal is equipped to assist you in achieving your business objectives with the help of a team of experienced, well trained and qualified lawyers. The Firm’s clientele includes some of India’s leading corporate groups, public sector undertakings, public sector and private banks, private individuals, and multinational corporations across the world.
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...
India

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.

The deal has also been reported as follows:

https://timesofindia.indiatimes.com/business/india-business/rural-lending-co-sarvagram-raises-rs-77cr/articleshow/80740015.cms

https://www.thehindubusinessline.com/companies/sarvagram-secures-105-million-in-series-b-investment/article33789892.ece

https://www.outlookindia.com/newsscroll/rural-lender-sarvagram-raises-usd-105-mn-from-elevation-elevar-equity/2025614

https://www.techcircle.in/2021/02/08/elevation-capital-leads-series-b-funding-in-rural-lending-startup-sarvagram

https://yourstory.com/2021/02/funding-alert-sarvagram-series-b-elevation-capital-rural-fintech#:~:text=SarvaGram%2C%20the%20fintech%20startup%20focused,from%20existing%20investor%20Elevar%20Equity.

https://inc42.com/buzz/sarvagram-raises-inr-77-cr-series-b-to-tap-rural-lending-opportunity/

https://www.vccircle.com/elevation-capital-leads-series-b-funding-in-rural-lending-startup-sarvagram/

https://www.moneycontrol.com/news/business/startup/sarvagram-raises-rs-77-crore-anticipates-rs-8000-crore-loanbook-in-next-5-years-6466091.html

PRESS RELEASE
19 February 2021

Link Legal Advises Sarvagram In Series B Funding Of INR 77 Crores From Elevation Capital And Elevar Equity

India

Contributor

Established in 1999, Dentons Link Legal is a full service corporate and commercial law firm with over 40 partners and 150 lawyers across multiple practice areas. With offices across all major Indian cities and access to more than 200 offices in more than 80 countries of Dentons’ combination firms across the world, Dentons Link Legal is equipped to assist you in achieving your business objectives with the help of a team of experienced, well trained and qualified lawyers. The Firm’s clientele includes some of India’s leading corporate groups, public sector undertakings, public sector and private banks, private individuals, and multinational corporations across the world.

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