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Rural fintech Jai Kisan bags $18 Mn to offer more financing solutions to Indian farmers

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Content Team
Image Credit: money control

Rural fintech startup Jai Kisan has raised INR 142 Cr ($18 Mn) in its ongoing Series B funding round led by Blume Ventures. Mirae Asset Venture, Unitary Fund, Cephalopod Teknik Fund, GMO, Yara Growth Ventures and DG Lab Fund also participated in the fundraising round. In a special resolution, the board of Jai Kisan allotted 5,266 compulsory cumulative preference shares (CCPS) at a price of Rs 2,70,133 apiece to raise $18 Mn.