Agri fintech startup KiVi raised Rs 15 Cr Seed funding from multiple investors
Among others, Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators, and Entrepreneurs Foundation helped the agri-focused finance firm KiVi raise Rs 15 crore.
At the IIT Madras Research Park, KiVi was developed.
The investment will assist KiVi in developing a technology platform for scaling up, expanding its last-mile footprint throughout several districts, enhancing its ability to manage risk and product, and obtaining an NBFC license.
A pioneering technology platform created specifically for farming as a commercial enterprise, KiVi was founded by Joby C. O. It enables farmers to access services like agronomy, input supply, buyer aggregation, financial services, logistics, quality management, risk management, and warehousing, among others.
Over 1,500 farmers have been given access to credit thanks to KiVi, which is currently operating in Tamil Nadu and Bihar. It has also provided MSME loan offerings to agribusiness owners and facilitated trade and trade finance in commodities including wheat, paddy, and maize.
Smallholders can now obtain quick, reasonable, and structured finance from lending institutions thanks to the startup’s announcement that farm loans are now available on its platform.
