Funding alert - Rural fintech startup Jai Kisan raises Rs 30 Cr in Pre-Series A

Source:- YourStory Media

Author:- Trisha Medhi

Mumbai-based rural fintech platform Jai Kisan on Tuesday said that it raised Rs 30 crore in the Pre-Series A round of funding led by Arkam Ventures (previously known as Unitary Helion), with participation from NABVENTURES Fund I (backed by NABARD). This is the first time NABVENTURES has invested in the startup.

Existing investors such as Blume Ventures, Prophetic Ventures, and Better Capital also participated in the round, along with prominent leaders in finance and agriculture sectors such as an affiliate of The Chatterjee Group (TCG), Rajiv Sahney (New Vernon Capital), Sanjay Mariwala (Omniactive), and others.

Founded in 2017 by Texas A&M University graduates 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.

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[Funding alert] Rural fintech startup Jai Kisan raises Rs 30 Cr in Pre-Series A from Arkam Ventures, NABVENTURES, and others

Mumbai-based rural fintech platform Jai Kisan on Tuesday said that it raised Rs 30 crore in the Pre-Series A round of funding led by Arkam Ventures (previously known as Unitary Helion), with participation from NABVENTURES Fund I (backed by NABARD). This is the first time NABVENTURES has invested in the startup.