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The other selected fund managers include Kalaari Capital, Speciale Invest, IvyCap Ventures, Ideaspring Capital and TVS Capital Funds.
The investment comes soon after Neo secured funding from TVS Capital earlier in March.
The MEMG family office, led by Ranjan Pai, has also invested in the company.
TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners, and other angels collectively invested about Rs 350 crore in the NBFCs.
With the latest round, the Pune-based SarvaGram Solutions has raised Rs 950 crore ($113 million) in total funding till date.
