SarvaGram's FY25 Net Loss Jumps Multifold To INR 61 Cr

Peak XV-backed NBFC SarvaGram’s consolidated net loss jumped multifold to INR 61 Cr in the financial year ended March 2025 (FY25) as against INR 19.8 Cr in the previous fiscal year.

As per ICRA Analytics, SarvaGram’s revenue also skyrocketed 70.5% to INR 308.7 Cr in the financial year under review from INR 180.98 Cr in FY24.

On a standalone basis, the company recorded a net profit of nearly INR 5 Cr in the fiscal under review, with a total revenue of INR 274.3 Cr in the previous fiscal year.

As per the report, SarvaGram’s rise in net loss can be attributed to delay in recovery of unsecured loans, resulting in loss of investors from the loan pool. Notably, 85% of loans in these pools come from Gujarat and Maharashtra.

Founded in 2018 by Utpal Isser and Sameer Mishra, SarvaGram offers finance solutions to underserved people living in rural and semi-urban areas. It primarily provides credit to small businesses, farmers, households and individuals. Besides, its solution suite also includes insurance and farm services.

SarvaGram also provides an insurance solution suite with life insurance, health insurance and accident insurance options.

The company recently raised INR 565 Cr as a part of its Series D funding round. Prior to this, the NBFC raised $35 Mn in its Series C funding round in 2023. The company has raised more than $115 Mn in funding till date.

Besides Peak XV, SarvaGram is backed by Elevar Equity, Elevation Capital, Temasek and TVS Capital Funds.

India’s Rural Financial Landscape

India is home to more than 4,000 fintech startups, out of which a decent number of these startups are working towards providing financial solutions to India’s rural market.

Such startups are also getting lots of traction from the investors.

For instance, rural fintech startup Jai Kisan recently raised INR 26.47 Cr in a funding round to help farmers, retailers and micro, small and medium enterprises (MSMEs) in affordable credit access.

Rural India-focused fintech startup Navadhan also raised INR 111 Cr as a part of its Series A funding to facilitate small businesses with end-to-end services, including customer sourcing, digital onboarding, underwriting, payments and collections.

Similarly, NBFC Namdev Finvest has secured $19 Mn to offer business loans to MSMEs as well as green financing options such as loans for emobility and solar products in the rural regions.

India’s startup ecosystem has 26 fintech unicorns, with the fintech industry growing at a CAGR of 40%.

As per Inc42’s report, digital lending is projected to comprise roughly 40% of India’s fintech revenue in 2025. In the next five years, this segment is projected to account for 53% of the Indian fintech market.

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