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Agri fintech start-up KiVi raises around $1.5 million in a pre-Series A funding round with participation from Pawan Goenka and others. The funding will support KiVi's mission to enhance credit access for farmers and agripreneurs in underserved markets.

Mar 21, 20259 months ago

Amount Raised

$1.5 Million

Round Type

series a

ChennaiFarming

Investors

Al TrustEaglewings Rise FundThinkuvate FundYan Angel FundPiper Serica Angel FundEnrission India Capital IncPawan Goenka

Description

Agri fintech start-up KiVi has raised approximately $1.5 million in a pre-Series A funding round from investors including Dr. Pawan Goenka and various VC firms. The funding will enable KiVi to improve credit, commerce, and distribution within the agricultural ecosystem. KiVi aims to expand its services beyond Tamil Nadu and Bihar to other southern states, while working towards obtaining an NBFC license

Company Information

Company

KiVi

Location

Chennai, Tamil Nadu, India

About

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. Our core offering is a unique phygital platform, named KiVi which stands for Kisan Vikas (farmer development) and a franchisee network that delivers last mile transaction capability. Our goal is a 10x growth in the farmer’s income. KiVi provides digital financial solutions and a phygital platform for the farmer to procure input, implement agronomy practices, process & market output. It employs a micro-entrepreneur-led (franchisee) model that combines the strength of the platform with the franchisee’s local expertise, social capital and last mile transaction capability.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers