How Much Did Jai Kisan Raise? Funding & Key Investors

Jai Kisan has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers sustainable financing solutions tailored for rural emerging markets.

Keep reading to explore the intricacies of Jai Kisan's fundraising journey and the investors backing this innovative platform.

What Is Jai Kisan?

Jai Kisan, founded in 2017, is a fintech platform based in Mumbai, Maharashtra, India. The company was established by Adriel Maniego and Arjun Ahluwalia.

Jai Kisan provides sustainable financing solutions tailored for rural emerging markets, helping farmers and rural businesses access credit through innovative products like Bharat Khata and Buy Now, Pay Later (BNPL).

With a team of 251-500 employees, Jai Kisan is dedicated to digitizing the financial landscape for rural communities, ensuring they have the resources needed to thrive.

How Much Funding Has Jai Kisan Raised?

1. Seed Round
   • Amount Raised: $1.5M
   • Date: March 2019
   • Lead Investors: Blume Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and develop initial products.
2. Debt Financing
   • Amount Raised: $3.4M
   • Date: August 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support working capital needs.
3. Seed Round
   • Amount Raised: $3.9M
   • Date: June 2020
   • Lead Investors: Arkam Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product offerings and scale operations.
4. Series A
   • Amount Raised: $30M
   • Date: May 2021
   • Lead Investors: Mirae Asset Venture Investment
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand market reach.
5. Debt Financing
   • Amount Raised: ₹250M
   • Date: May 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and bridge financing needs.
6. Debt Financing
   • Amount Raised: $6M
   • Date: October 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support working capital and operational expenses.
7. Debt Financing
   • Amount Raised: $2M
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations.
8. Series B
   • Amount Raised: ₹3.9B
   • Date: July 2022
   • Lead Investors: Blume Ventures, Yara Growth Ventures
   • Valuation at Round: $200-240M
   • Motivation Behind the Round: To expand the product suite and enhance customer experience.
9. Debt Financing
   • Amount Raised: Not publicly disclosed
   • Date: July 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and product expansion.
10. Venture Round
    • Amount Raised: $3M
    • Date: January 2023
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further expand financial services in rural markets.

Jai Kisan has raised a total of $49.8M in funding. The most recent valuation is $200-240M.

Key Investors

• Blume Ventures
  • Details: Blume Ventures is a venture capital firm based in India that invests in early-stage startups. They have been a consistent supporter of Jai Kisan, leading multiple funding rounds.
  • Investment Focus Areas: Technology, healthcare, agritech.
  • Notable Investments: Unacademy, Dunzo, HealthifyMe.
• Yara Growth Ventures
  • Details: Yara Growth Ventures is the venture investment arm of Yara International, a global leader in crop nutrition. They focus on investing in innovative solutions that enhance agricultural productivity and sustainability.
  • Investment Focus Areas: Agritech, sustainability, food technology.
  • Notable Investments: Not publicly disclosed.
• Mirae Asset Venture Investment
  • Details: Mirae Asset Venture Investment is a global investment firm that provides capital to technology-driven companies. They led Jai Kisan's Series A round.
  • Investment Focus Areas: Technology, fintech, healthcare.
  • Notable Investments: BigBasket, Ola, Zomato.
• Arkam Ventures
  • Details: Arkam Ventures is an early-stage venture capital firm that focuses on investing in technology companies. They have been involved in multiple funding rounds for Jai Kisan.
  • Investment Focus Areas: Technology, fintech, healthcare.
  • Notable Investments: Signzy, KreditBee, KrazyBee.
• GMO Venture Partners
  • Details: GMO Venture Partners is a venture capital firm that invests in innovative technology companies. They are a new investor in Jai Kisan's Series B round.
  • Investment Focus Areas: Technology, fintech, agritech.
  • Notable Investments: Not publicly disclosed.

What's Next for Jai Kisan?

Jai Kisan stands at the cusp of significant growth opportunities. With the recent $50 million funding, the company is poised to expand its product suite and enhance customer experiences. The rural fintech market in India is vast, and Jai Kisan's innovative solutions like Bharat Khata are well-positioned to capture a substantial share. The ongoing Series B round indicates potential for further investments, which could fuel additional growth and expansion.

However, the path ahead is not without challenges. Effective utilization of the raised funds to achieve the desired expansion and improvement is crucial. Additionally, competition from other fintech firms and navigating regulatory requirements in the financial services industry could pose hurdles. Despite these challenges, the increasing investment in rural fintech solutions and the growing interest from both new and existing investors suggest a promising future for Jai Kisan.

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