Rural fintech startup Jai Kisan has raised Rs 25 crore in debt from Trifecta Capital.
According to the company’s regulatory filings, Jai Kisan has allotted 2,500 non-convertible debentures to raise Rs 25 crore. Further, the company has also allotted preference shares worth Rs 2.5 crore to the venture debt firm.
The company had raised $30 million in a Series A round led by Mirae Asset in May this year.
Founded by Arjun Ahluwalia and Adriel Maniego, Jai Kisaan provides digital financial services starting with credit for online and offline, income-generating, rural commerce transactions.
It partners with equipment dealers, agriculture retailers, collection centers and market linkage platforms to directly provide credit to farmers, working in the agriculture, poultry and dairy value chain.
In April, the startup launched Bharat Khata which offers a digital ledger for rural businesses.