Jai Kisan has raised $30 million (Rs 217 crores) in debt and equity for its Series A round of funding led by Mirae Asset.
The company, in a statement, said that Syngenta Ventures also joined the round for equity infusion, apart from returning investors Blume Ventures, Arkam Ventures, NABVENTURES, Prophetic Ventures, and Better.
The round’s debt component was financed by Blacksoil, Stride Ventures, and Trifecta Capital.
Founded in 2017 by Arjun Ahluwalia and Adriel Maniego, Jai Kisan provides digital financing services including online and offline credit, credit for income generation, and financing rural commerce transactions through point-of-sale credit. The platform provides equipment financing, input financing, and invoice financing at present.
