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Indian rural fintech firm raises $67.8m series D
SarvaGram Solutions, an India-based rural fintech firm, has secured 565 crore rupees (US$67.8 million) in a series D funding round.
The investment round was led by Peak XV Partners. The firm aims to use the funds to expand its credit products across India.
Existing investors also participated, including Temasek, Elevar Equity, Elevation Capital, and TVS Capital.
The total amount raised by SarvaGram now stands at 950 crore rupees (US$114 million) since its inception in 2019.
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