ETtech Deals Digest: no big round for second straight week

It was another quiet week, with no startup raising big rounds as VCs remained cautious in a choppy environment. Agri-fintech Jai Kisan and PriceLabs were the only startups that raised moderate amounts.

Jai Kisan picked up $50 million in an ongoing Series B round

Rural-focused agri-fintech startup Jai Kisan raised $50 million (Rs 390 crore) from GMO Venture Partners, Yara Growth Ventures and Mirae Asset, among others, in a combination of equity and debt of the first tranche of its ongoing Series B round. Founded in 2017 by Arjun Ahluwalia and Adriel Maniego, the company wants to create a seamless financial services experience for individuals and businesses in rural India. It claims to have deployed low-cost credit worth over $220 million annually and recorded four-fold growth in 12 months.