Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Jai Kisan, a startup providing financial services in rural India, has raised $50 million (Rs 390 crore) in a combination of equity and debt in an ongoing funding round.

New investors GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures; existing investors Blume, Arkam Ventures, Mirae Asset, Snow Leopard Ventures, and others are part of the Series B funding round.

Northern Arc, Alteria and MAS Financial contributed to the debt raise. Jai Kisan will use the funds to expand its product suite and improve customer experience.

"'We were immediately struck by the opportunity that Jai Kisan has to help