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 first round of funding of INR 25 Crores from Elevar Equity.

Sarvagram is co-founded by Utpal Isser and Sameer Mishra. They bring more than 20 years’ experience across retail, rural banking and NBFCs. Previously, Utpal headed Rural and Inclusive Banking at ICICI Bank and Sameer headed the National Rural Business at Fullerton India.

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 the founders. This was led by a team comprising the Co-Managing Partner Nusrat Hassan, Associate Partner Yosham Vardhan, Senior Associate Ankit Agarwal and Associate Rahil Thakkar.

IndusLaw advised Elevar Equity. This was led by a team comprising Senior Partner Suneeth Katarki, Senior Associate Ashwin Krishnan and Associate Stuti Agarwal.