SarvaGram: Rural Fintech Crosses Rs 172 crore in AUM
Start-up of rural finance and distribution, SarvaGram has announced that its Assets Under Management (AUM) has surpassed Rs. 172 crore since its start in June 2019. SarvaGram's annual recurring revenue (ARR) has also increased significantly in FY22, reaching over Rs. 55 crore.
Start-up of rural finance and distribution, SarvaGram has announced that its Assets Under Management (AUM) has surpassed Rs. 172 crore since its start in June 2019. SarvaGram's annual recurring revenue (ARR) has also increased significantly in FY22, reaching over Rs. 55 crore.
A variety of factors, according to the firm, contributed to the company's success, including the use of scorecards for better credit evaluation and the automation of the lending and distribution processes. SarvaGram's debt collection program will be digitized thanks to the use of cutting-edge SaaS technology. According to a handout, if the company maintains its current velocity, it will acquire an AUM of Rs. 500 crore in FY23 and reach an AUM of Rs. 10,000 crore in the next five years, while considerably expanding its client base to 15,00,000 households.
Finance Options by SarvaGram
SarvaGram offers a variety of finance options as well as farm mechanization services. It uses data analytics and on-the-ground experience to help customers achieve their goals by offering a variety of credit alternatives and farm mechanization services.
"We at SarvaGram are committed to boosting rural India's aspirations through a carefully planned data-driven distribution platform," Utpal Isser, Co-founder, MD, and CEO, said in a statement. This achievement is a tremendous monument to and validation of our proprietary digitization frameworks, which are tailored to the specific needs of the customers we serve. This journey has been tremendously rewarding, from taking a year to reach our first 1000 customers in 2019 to onboarding 1000+ customers in less than one month.
"This achievement is a major monument to the validation of our one-of-a-kind digitization frameworks, which are tailored to the specific needs of the customers we serve. This has been an immensely fulfilling journey, and we are merely scraping the surface of the potential that is waiting to be unleashed in the Indian rural Diaspora," stated Utpal Isser, co-founder, MD, and CEO of SarvaGram.
Rising Saga of SarvaGram
SarvaGram began operations in June 2019 with to harness the potential of rural and semi-urban India's underfinanced but creditworthy communities. SarvaGram aspires to make rural and semi-urban dreams a reality by offering a variety of services such as financing, risk mitigation, and farm mechanization.
SarvaGram has 220 franchisees in Rajasthan, Karnataka, Maharashtra, and Gujarat, and is headquartered in Mumbai, Maharashtra. SarvaGram now works out of 8 hubs, 50 branches across four states, and is headquartered in Mumbai, Maharashtra. In the next five years, SarvaGram wants to open around 500 branches.
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