Banking platform DGV raises $3.1 Mn in Pre-Series A

Dairy Industry focused Neo-Banking startup DGV has raised $3.1 million Pre-Series A round from Info Edge Ventures and Omnivore. 

DGV is currently working with some of India’s leading cooperative dairy unions and their respective milk co-operative societies and farmers by providing them access to payments, liabilities, and asset products through its partnership with Federal Bank.

DGV was founded by Ragavan Venkatesan in 2019, who was previously part of the founding team at both IDFC Bank and NPCI. 

DGV’s senior management team includes former RuPay Card Scheme founding member, and Jio Payments founding member, Mukesh Ranjan, former NPCI HR Lead, Ravi Singh, and former Business Lead at VISA Processing Services, Sorabh Mehta.

The Bengaluru-based company is focusing on 75 million dairy farmers and the $145 billion dairy sector which contributes over 4% of GDP, 25% of AgriGDP, and engages over 100 million stake holders.