BENGALURU: Rural fintech startup Jai Kisan on Monday said it has raised $30 million (approximately Rs217 crore), in a combination of equity and debt, as a part of its Series A round of funding led by Mirae Asset. New investor Syngenta Ventures, along with existing investors Blume, Arkam Ventures, NAB Ventures (NABARD), Prophetic Ventures and Better, also participated in the round. “Jai Kisan is at the cusp of disrupting the rural financing industry and we’re glad to be a part of their growth story. In April last year, Jai Kisan launched its digital ledger product for rural businesses called Bharat Khata. Jai Kisan claims to have achieved an annualized loan disbursal run-rate of ₹432 crore as of March 2021.

Source: Mint May 31, 2021 10:55 UTC