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Indian rural fintech startup Jai Kisan raises $50m

Company offers financial tools, services to country's massive rural population

Indian rural fintech startup Jai Kisan offers a "buy now, pay later" service and other digital tools. (Photo by Yuki Kohara) 

NEW DELHI -- Indian rural fintech startup Jai Kisan said it has raised the equivalent of around $50 million through a combination of equity and debt in the first close of its ongoing Series B funding round.

New investors GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures joined the financing, alongside existing investors including Blume, Arkam Ventures, Mirae Asset and Snow Leopard Ventures. The debt portion of the funding was contributed by Northern Arc, Alteria and MAS Financial, the startup said in a statement on Friday.

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