INFOGRAPHIC: Top Asian Startup Funding — Week 46
These are the funding deals we tracked in the Asian region this week – featuring Sarvagram, SmartBank, Bhanzu, Wheelocity, and The ePlane Company.
- India’s Sarvagram, a rural-focused lending platform, raised $67 million in Series D to expand its credit offerings across more regions in India.
- Tokyo's SmartBank secured $26 million in Series B to enhance its AI-driven household finance management services and user acquisition efforts.
- Hyderabad-based Bhanzu closed a $16.5 million Series B to strengthen its math-focused edtech offerings and support U.S. market expansion.
- Wheelocity obtained $15 million in an extended Series A to scale its semi-urban commerce platform, targeting expansion to 20,000 towns and villages.
- The ePlane Company raised $14 million in Series B to accelerate the certification and commercialization of its eVTOL technology for urban air mobility.
Sarvagram Raises $67 Million in Series D to Expand Rural Lending Services
India-based Sarvagram, a rural-focused lending platform, raised $67 million in a Series D funding round led by Peak XV Partners, with participation from Elevar Equity, Elevation Capital, Temasek, and TVS Capital.
The fintech startup says this fresh capital will help it broaden its credit products and expand its presence across rural India, providing financial solutions for personal, business, and agricultural needs.
Founded in 2019 by Utpal Isser and Sameer Mishra, Sarvagram serves over 100,000 customers, with assets under management of approximately Rs 1,200 crore in loans. The platform aims to empower rural communities with tailored financial products and productivity enhancement tools.
