DGV Raises $3.1 Mn To Extend Neobank
Payments, liabilities, and asset goods are all available through the dairy sector’s neo-banking start-up.Info Edge Ventures and Omnivore have invested $3.1 million in Digivriddhi Technologies Private Limited (DGV), a neo-banking start-up focused on the dairy industry.
DGV helps dairy producers gain access to formal banking and financial services through their aided digital platform. Through its relationship with Federal Bank, DGV is now working with a number of co-operative dairy unions, as well as their local milk co-operative societies and farmers, to provide them with access to payments, liabilities, and asset products.
Ragavan Venkatesan, who was part of the founding team of both IDFC Bank and NPCI, founded DGV in 2019. Mukesh Ranjan, a former RuPay Card Scheme and Jio Payments founding member, Ravi Singh, a former NPCI HR Lead, and Sorabh Mehta, a former Business Lead at VISA Processing Services, are among DGV’s top management.
“We are ecstatic to have Info Edge Ventures and Omnivore lead our first institutional round,” says the company. “We’ll be able to establish a full-service platform for dairy farmers with Info Edge Ventures’ experience scaling digital markets and Omnivore’s significant experience in Agtech,” Ragavan Venkatesan, DGV’s Founder and CEO, said.
Follow Startup Story
Related Posts
