Chennai-based agri-fintech startup KiVi (Kisan Vikas) has successfully raised Rs 15 crore in a seed funding round, led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators, and Entrepreneurs Foundation, among other investors. This infusion of capital will play a pivotal role in KiVi’s efforts to bolster its technology platform for scaling, enhance its presence in multiple districts, strengthen product and risk capabilities, and secure an NBFC license.
At present, KiVi operates in four districts across Tamil Nadu and Bihar. The startup, incubated at IIT Madras Research Park and operated by Agrosperity Tech Solutions, has ambitious plans for expansion over the next five years, primarily targeting southern states.
KiVi has already empowered over 1,500 farmers to access credit, introduced MSME loan offerings for agri-entrepreneurs, and facilitated commerce and trade finance in various commodities, including wheat, paddy, and maize.
In line with their mission, KiVi is revolutionizing the agri-fintech sector, and this investment will be crucial in achieving their expansion goals. They are also addressing critical factors unique to the agri ecosystem, such as seasonal cash flows and fragmented landholding, with technology and innovation.
KiVi, the agri-fintech startup, has secured an impressive Rs 15 crore in seed funding. They’re making great strides in empowering farmers and expanding their presence. Sending best wishes to the KiVi team!
~ Dr Shishir Gupta founder & CEO of StartupLanes
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