Companies

Jai Kisan raises ₹30 crore in Pre-Series A funding from Arkam Ventures

Our Bureau Mumbai | Updated on June 16, 2020 Published on June 16, 2020

Mumbai-based fintech platform Jai Kisan has raised ₹30 crore in a pre-Series A round led by Arkam Ventures (formerly Unitary Helion), with participation from NABVENTURES Fund I.

The fresh round of fund-raising also saw participation from existing investors such as Blume, Prophetic Ventures and Better Capital. A number of prominent leaders in finance and agri, including an affiliate of The Chatterjee Group (TCG), Rajiv Sahney (New Vernon Capital) and Sanjay Mariwala (Omniactive) also participated in the round.

This is the maiden investment by NABVENTURES Fund I, the investment arm of Nabard, in Jai Kisan, the company said in a statement.

“Jai Kisan is charting a new course in agri and rural digital lending. Even in a Covid scenario, it has delivered stellar growth. NABVENTURES will continue to back such tech-driven agri/rural start-ups that are at the forefront of agri/rural transformation in India,” Rajesh Ranjan, Chief Executive Officer of NABVENTURES, said.

The company plans to utilise the investment for strategic recruitment and process management. Additionally, Jai Kisan will deploy the funding to further enhance its tech platform and product development.

Founded by Arjun Ahluwalia and Adriel Maniego, Jai Kisan is building a rural fintech full-stack platform to cater to the financial needs of customers in rural emerging markets.

Over the past six months, Jai Kisan has disbursed over ₹50 crore in loans of top tier credit quality to a diverse set of 5,500 borrowers from various income groups across 10 States.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on June 16, 2020
This article is closed for comments.
Please Email the Editor