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August 9, 2022 Economictimes

Veda advises Jai Kisan, a full stack financial services platform for Rural India, on $ 50Mn Series B equity and debit fundraise from Yara, GMO, DG Daiwa and existing investors

New Delhi, Jul 29 (PTI) Rural fintech startup Jai Kisan on Friday said it has raised Rs 390 crore in a combination of equity and debt in the first close of its ongoing Series-B round. Jai Kisan provides a suite of financial services with a digital-first approach to its network of farmers and small and micro businesses through its application ‘Bharat Khata’ in nine languages.

“Jai Kisan has raised USD 50 million (Rs 390 crore) in a combination of equity and debt….,” the company said in a statement.

New investors — GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures — as well as existing investors Blume, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others invested as part of the Series B round of funding, it said.