Jai Kisan Raises INR 26.5 Crore in Extended Series B Round to Bolster Rural Fintech Operations Despite its growing footprint in rural fintech, Jai Kisan reported a loss of Rs 51 crore in the fiscal year ending March 2024, on an operating revenue of Rs 39 crore. The fresh capital is expected to help the company strengthen its product offerings and expand its reach across India's rural landscape

By BIZ Experiences Staff

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Freepik

Mumbai-based rural fintech startup Jai Kisan has secured Rs 26.5 crore (approximately USD 3 million) in an extended Series B funding round. The latest infusion saw participation from existing investors Mirae Asset Venture Investments, Unitary Fund, and Blume Ventures.

As per the reports, Jai Kisan's board passed a special resolution to allot 980 compulsory cumulative preference shares (CCPS) at an issue price of Rs 2,70,133 per share to raise the capital. Mirae Asset led the round with an investment of Rs 12.5 crore, followed by Rs 12 crore from Unitary Fund and Rs 2 crore from Blume Ventures.

Founded in 2017 by Arjun Ahluwalia and Adriel Maniego, Jai Kisan provides digital credit and financing solutions tailored for India's agricultural and rural sectors. The startup bridges the gap in formal financial services by enabling credit access for both online and offline transactions, specifically designed for underserved local economies with limited banking infrastructure.

Despite its growing footprint in rural fintech, Jai Kisan reported a loss of Rs 51 crore in the fiscal year ending March 2024, on an operating revenue of Rs 39 crore. The fresh capital is expected to help the company strengthen its product offerings and expand its reach across India's rural landscape.
BIZ Experiences Staff

BIZ Experiences Staff

Editor

For more than 30 years, BIZ Experiences has set the course for success for millions of BIZ Experiencess and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

By Ben Angel
Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.

By BIZ Experiences Store
News and Trends

Reliance Retail Launches FMCG Brand 'Independence' In Gujarat

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

By Shrabona Ghosh
Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

By Emil Barr
Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.

By Nicholas Leighton