New Investment in Jai Kisan with Blume Ventures
DG Daiwa Ventures has invested in GREENIZON AGRITECH CONSULTANCY Pvt. Ltd. (Jai Kisan) along with Blume Ventures and others.
A rural fintech startup in India, Jai Kisan has raised $50M in the first close of its ongoing Series B round.
■About Jai Kisan
Jai Kisan is a rural fintech startup with rapidly growing in India. They aim to become a neo-bank offering comprehensive financial services to small businesses and individuals in rural areas of India that are unreachable by existing financial institutions. Roughly half of India’s gross domestic product is said to come from rural areas, and the country is expected to continue to enjoy this enormous market growth as it develops its business.
■From DG Daiwa Ventures
We are accelerating fintech investments in India and have invested in slice which is a credit card provider for younger generations, Karbon Card which is a corporate credit card provider for startups and others.
Following our investment in slice, which has grown into a unicorn company, this investment is also a new co-investment with Blume Ventures.
We believe in the potential of the fintech business to become the infrastructure for growth in India and other emerging countries, and we will accelerate our investment in this area.