Agri focused fintech startup KiVi has raised Rs 15 crore led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation, among others.
KiVi was incubated at IIT Madras Research Park.
The investment will help KiVi to build a technology platform for scale-up, increase the last-mile presence across many districts, strengthen the product and risk capabilities and obtain an NBFC license.
Founded by Joby C O, KiVi is a first of its kind technology platform designed for farming as a business enterprise and allows farmers to access services such as agronomy, input supply, buyer aggregation, financial services, logistics, quality management, risk management and warehousing, among others.
KiVi is operational in Tamil Nadu and Bihar and has till date 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.
The startup has announced the launch of farm loans on its platform which allows smallholders to access timely, affordable and structured credit from lending institutions.