SaGgraha Management Services operates as a wholly owned subsidiary of the SAVE group, specialising in providing microfinance loans via the Business Correspondent (BC) model. The company focuses on serving rural and underserved segments with financial services. The recent capital infusion is intended to strengthen its ability to expand its loan book and scale lending operations. Management expects to leverage investor expertise to improve service quality and value creation. The article notes a broader group-level financing activity earlier in the year, signaling increased external backing for SAVE’s businesses. No operating metrics (revenue or user counts) were provided in the articles.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024