Amount Raised
₹150 Million
Round Type
Seed
Description
Agri-fintech startup KiVi (Kisan Vikas) on Thursday said it has raised Rs 15 crore in a seed round led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation among others. “The investment will help KiVi to build a robust technology platform for scale-up, increase the last-mile presence across many districts, strengthen the product and risk capabilities, and obtain an NBFC license,” Joby CO, founder and CEO of KiVi, said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitThe Chennai-based firm, which is incubated at IIT Madras Research Park and is operated by Agrosperity Tech Solutions, is currently present in four districts in Tamil Nadu and Bihar and is looking to expand in the southern states in the next five years. Till date, the company has enabled over 1,500 farmers to access credit, launched MSME loan offerings to agri entrepreneurs and enabled commerce and trade finance in commodities including wheat, paddy and maize. Joby said that when it comes to loans, banks preferred south Indian portfolios and the portfolio quality, contract enforceability and lack of tangible agri-fintech players were the factors to start one of their bases in Tamil Nadu
Quick answer
KiVi raised ₹150 Million in a Seed round, dated October 12, 2023. KiVi is based in Chennai, Tamil Nadu, India.
- How much did KiVi raise?
- KiVi raised ₹150 Million in a Seed round on October 12, 2023.
- What does KiVi do?
- KiVi (operating through Agrosperity Tech Solutions Pvt Ltd) is an agri-tech start-up that aims to make farming a livelihood of choice for millions of Indians.
- Where is KiVi based and how big is it?
- KiVi is based in Chennai, Tamil Nadu, India. Fundz records about 80 employees.
- Who are the decision-makers at KiVi?
- Fundz holds 1 contact at KiVi. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Farming around the same time
Companies in the same sectors as KiVi that raised within 45 days of this round, from Fundz verified event records.
- Lucent Bio raised $3.6M (Seed) on November 7, 2023.
- TrueAlgae raised an undisclosed amount (Funding Round) on October 25, 2023.
- FarmInsect raised $8.5M (Funding Round) on October 23, 2023.
- FarmInsect raised $8.5M (Funding Round) on October 23, 2023.
- CropX Technologies raised an undisclosed amount (Series C) on October 4, 2023.
- Complete Farmer raised $9.1M on October 4, 2023.
Who to call at KiVi, and when
A new round usually means KiVi is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day KiVi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at KiVi, from your own LinkedIn network
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Related People
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