Provincial fintech startup Jai Kisan has brought Rs 25 crore up in debt from Trifecta Capital.
According to the organization’s regulatory filings, Jai Kisan has assigned 2,500 non-convertible debentures to raise Rs 25 crore. Further, the organization has likewise allocated inclination shares worth Rs 2.5 crore to the endeavor debt firm.
The organization had brought $30 million up in a Series A round drove by Mirae Asset in May this year.
Founded by Arjun Ahluwalia and Adriel Maniego, Jai Kisaan provides computerized financial services starting with credit for online and offline, income-generating, rustic trade exchanges.
It partners with hardware dealers, agribusiness retailers, assortment centers and market linkage platforms to straightforwardly provide credit to farmers, working in the horticulture, poultry and dairy esteem chain.
In April, the startup dispatched Bharat Khata which offers a computerized record for rustic businesses.
