Mumbai-based fintech startup Jai Kisan has raised $1.5 mn (Rs.10.6 cr) in its seed funding round led by Blume Ventures, Prophetic Ventures, Better Capital, Astarc Ventures, Harshbeena Zaveri, managing director of NRB Bearings, and Sanjaya Mariwala from OmniActive. It provides loans at very low rates at 12% per annum within seven days to the farmers for purchasing agricultural equipment, dairy equipment and other assets to farmers. The fresh funds will be used to extend its financing services to more farmers, increasing the loan book size, and partner with more lending institutions.
Farming Loans Provider Jai Kisan raises $1.5 mn In Seed Funding Round
Date posted: Tuesday 5 March 2019