Saswat Finance raised Pre Series A

Venture Garage congratulates Saswat Finance on its $2.6M Pre-Series A raise

Gurugram, 18th July 2025: We’re excited to see our portfolio company Saswat Finance mark a key milestone by raising $2.6 million in a Pre-Series A round led by Ankur Capital, with participation from Incubate Fund Asia. Founded by Arun Tiwari, Indrajyoti Bhattacharjee, Ravi Ranjan Chaudhary, and Rahul Nischal.

Saswat is building a rural-first fintech platform that unlocks credit access for smallholder farmers—through tech-led lending, insurance integrations, and digital collections.

Venture Garage partnered with Saswat during an earlier round with Incubate Asia, Sparrow VC and Seedstars. Venture Garage backed Saswat early, drawn by the team’s strong domain expertise and a clear whitespace in vertical lending across underserved rural markets. Saswat’s asset-light model, grassroots network, and on-ground execution have set it apart in a sector dominated by legacy inefficiencies.

Vineet, Managing Partner at Venture Garage, shared:

“We had backed them driven by our belief in the founding team’s strong domain expertise and the clear whitespace in vertical lending in rural India. Their asset-light model, grassroots reach, and execution-led scale have made them a standout in the space.”

As they expand across high-potential rural markets like Maharashtra, UP, and Karnataka—with partners like Amul, RBL Bank, and Iffco Tokio and lenders like Shivalik Small Finance Bank, Ambit Finvest —we’re proud to be cheering them on from the sidelines.

Read more about Saswat here

Here’s to building Bharat’s financial backbone, one partnership at a time. 💼🚜📈