IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home FinTech

Rural Fintech Startup Jai Kisan Raises $50 million in Series B Funding Round

IndiaTechDesk Editor by IndiaTechDesk Editor
July 29, 2022
in FinTech
56 2
0
Rural Fintech Startup Jai Kisan Raises $50 million in Series B Funding Round
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Mumbai-based rural fintech firm Jai Kisan has raised $50 million (INR 390 crore) in a combination of equity and debt on the first close of its ongoing Series B round, participated by existing and new investors. Jai Kisan will use the funds to expand its product suite and improve customer experience.

Blume Ventures led the round by investing INR 31.20 crore. Other participants included Mirae Asset Venture, Unitary Fund, and Cephalopod Teknik Fund, which each contributed INR 23.7 crore, INR 19.5 crore, and INR 13.4 crore, respectively. New investors GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures participated.

The Series-B round seems to be proceeding, and Jai Kishan will probably collect more money. After allocation, the enterprise was valued at between $180 and 190 million dollars. Early in May 2021, the firm secured $30 million in Series-A funding. In October, it raised $3.3 million in debt financing. Northern Arc, Alteria, and MAS Financial contributed to the debt raise in the recent round.

“The opportunity struck us that Jai Kisan has to help enable better financing to rural Indians,” said George Roche of Yara Growth Ventures, a corporate venture capital arm of Norway-headquartered crop nutrition and agriculture company Yara International ASA.

Jai Kisan aims to become a consumer-experience-obsessed rural financial services brand

Fintech Startup Jai Kisan’s app, Bharat Khata, helps rural value chains digitize transactions, capturing insight into financial services’ needs, customer behavior and transaction footprint of rural businesses and individuals. Extended across the Bharat Khata network of retail storefronts, Jai Kisan’s POS financing Solution (BNPL) has seen traction, gaining 400 percent growth in customers in 3 months, said the company.

Fintech Startup Jai Kisan, which has Arjun Ahluwalia and Adriel Maniego as cofounders, said it has implemented fully digital, low-cost farmer financing at point-of-sale that grants loans in 10 minutes.

“We will continue to build on the back of this support and create impact in this underserved space, leveraging creative new age solutions and keeping customer experience at the core of our beliefs,” said Ahluwalia, chief executive officer of Jai Kisan.

Fintech Startup Jai Kisan said its roadmap includes digitizing its users’ savings, insurance, and payment experience.

Tags: agri-sectorFintech Startups in Indiaindian startupInvestmentStartup Funding
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Bright Money, Transformative FinTech Solutions with $62M Funding
FinTech

Empowering Financial Transformation, Bright Money Gets $62 Million Funding Boost

September 30, 2023
Perfios Secures $229 Million.
FinTech

Perfios Secures $229 Million in Series D Funding Led by Kedaara Capital

September 11, 2023
CredRight
FinTech

CredRight Raises $9.7 Million to Revolutionize MSME Financing Globally

August 31, 2023
Credgenics secures funding for global expansion and financial empowerment through advanced debt recovery solutions.
FinTech

Debt Recovery Platform Credgenics Raises $50M in Series B Funding Round, Valued at $350M

August 9, 2023
Travel Fintech Startup Scapia Raises $9 Million in Seed Funding Led by Matrix Partners India
FinTech

Travel Fintech Startup Scapia Raises $9 Million in Seed Funding Led by Matrix Partners India

June 29, 2023
Rural Fintech Startup Navadhan Bags $1.5 Million in Seed Funding Round
FinTech

Rural Fintech Startup Navadhan Bags $1.5 Million in Seed Funding Round

June 22, 2023
No Result
View All Result

Trending Posts

  • Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    by MinSeptember 21, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In