Mumbai based fintech startup Jai Kisan has raised Rs 30 crore in the Pre-Series A round of funding. The funding was lead Arkam Ventures and saw participation from NABVENTURES Fund I. Founded by Arjun Ahluwalia and Adriel Maniego, Jai Kisan aims to change the way finance is delivered to the rural customer.
The startup caters to the financial needs of customers in rural emerging markets and is currently building a full-stack platform to accomplish the same. In the last six months, Jai Kisan has disbursed over Rs 50 crore in loans to over 5500 borrowers across 10 states.
“Very few startups have the commanding view of a large untapped space. Even fewer startups have the luxury of tail winds in these challenging times. Jai Kisan is a rare combination of both of the above along with a unique business model that adds value to multiple participants of the agri supply chain. We are very excited to lead this new round of financing in Jai Kisan”, said Rahul Chandra, Managing Director of Arkam Ventures.
