Saswat Finance raises $2.6 million to deepen fintech penetration in rural India

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Here’s a structured list based on the information provided in the text:

Funds

  • Amount Raised: $2.6 million
  • Lead Investor: Ankur Capital
  • Other Investor: Incubate Fund Asia

Startup

  • Name: Saswat Finance
  • Industry: Fintech
  • Focus: Underserved rural economy in India

Founders

  • Arun Tiwari (CEO)
  • Indrajyoti Bhattacharjee
  • Ravi Ranjan Chaudhary

Fundraise Series

  • Series: Not specified (referred to as a funding round)

Date

  • Founded: 2022
  • Funding Round Date: Not specified in the text

Additional Information

  • Purpose of Funds: Expand technology stack, introduce new financial products, and scale operations in Maharashtra, Karnataka, and Uttar Pradesh.
  • Target Audience: Smallholder farmers and micro-enterprises.
  • Key Partnerships: Dairy cooperatives (e.g., Amul, Britannia), Insurers (e.g., Iffco Tokio), Financial institutions (e.g., RBL Bank, Shivalik Small Finance Bank).

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2025-06-18 07:12:13