Agri-fintech startup Jai Kisan raises $50 million in equity and debt
By
Biju Kumar
Rural-focused agri-fintech startup Jai Kisan said it has raised $50 million (Rs 390 crore) in a combination of equity and debt as part of the first tranche of its ongoing Series B round.
The round saw participation from new investors GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures. Existing investors Blume, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others also took part.
Jai Kisan raised debt funding from investors such as Northern Arc, Alteria and MAS Financial.