Funding Alert

Jai Kisan Raises Funding $30M Round Led By Mirae Asset


Jai Kisan raises funding $30 million Series A funding led by Mirae Assets. Existing investors Blume Ventures, Arkam Ventures, NABVENTURES (NABARD), Prophetic Ventures, Better, other global investors, and prominent HNIs also participated in the round along with Syngenta Ventures, Blacksoil, Stride Ventures, and Trifecta Capital contributed the debt in the round.Rural fintech startup Jai Kisan raises funding to hire talent and enhance engineering and data science capabilities, expand into new geographies, and start building an on-book portfolio.

“Despite the pandemic’s multiple waves, we have seen stellar growth on our top line and bottom line while ensuring robust portfolio quality. As most financial institutions took a step back due to reliance on ground operations, it was the resilient nature of our team that made Jai Kisan stand by its borrowers through these tough times,” Arjun Ahluwalia, Co-founder and CEO, Jai Kisan, said in a press statement I regard to Jai Kisan raises funding  shared by the company.

Further, Ashish Dave, CEO of Mirae Asset India Venture Investments, said about Jai Kisan raises funding and been led by Mirae Asset “Jai Kisan is at the cusp of disrupting the rural financing industry and we’re glad to be a part of their growth story. Jai Kisan’s stellar growth, excellent asset quality, and expanding footprint make them a highly differentiated player in the segment.”

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