Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Jai Kisan raises seed funds to incentivize farmer financing in India



ImpactAlpha, March 4 – Mumbai-based Jai Kisan facilitates low-interest loans to farmers in India to buy equipment and supplies, like seeds and fertilizer. The company has raised $1.5 million in seed funding from financial services-focused venture capital firm Blume Ventures, Astarc Ventures, Prophetic Ventures, and U.K.-based Better Capital.

Jai Kisan launched in 2017 with a mission to “derisk” financing for India’s farmers by underwriting and managing loans for other financial services companies. The company says its approach is to incentivize financial firms to provide financial products and services to a segment of the Indian population that has few options.

“Most startups operating in rural India believe in disrupting the status quo. We don’t believe economic and social impact can be achieved by displacing the traditional stakeholders,” Jai Kisan’s founder Arjun Ahluwalia said.

Jai Kasan operates from the Indian states of Maharashtra and Karnataka and works through partners, like retailers and agriculture product suppliers, to reach customers. The company plans to use the seed funding to expand into several other states.

Last year, the company participated in JPMorgan and Bharat Inclusion Initiative’s first Financial Inclusion Lab cohort—a spinoff of the JPMorgan-backed Financial Solutions Lab in the U.S.

You might also like...