Jai Kisan is a technology company.
Jai Kisan provides credit and financing solutions for farmers, retailers, and MSMEs in rural India, aiming to improve their access to affordable credit through technology.
Jai Kisan has raised $30.0M across 1 funding round.
Jai Kisan has raised $30.0M in total across 1 funding round.
Jai Kisan has raised $30.0M in total across 1 funding round.
Jai Kisan's investors include Quona Capital, Syngenta Group Ventures, Engin Utkan.
Jai Kisan is a Mumbai-based fintech company founded in 2017 that builds a rural-focused neo-bank platform called Bharat Khata, delivering digital credit and financing solutions to farmers, retailers, MSMEs, and rural businesses in India.[1][2][3] It serves underserved rural markets by offering collateral-free products like India's first fully digital Buy Now, Pay Later (BNPL), supply chain financing, and low-cost loans for agricultural and dairy equipment, solving acute problems of timely, transparent credit access in a sector long dominated by informal and inflexible options.[1][2][4] The company has shown strong growth momentum, raising $79.8M in total funding including a $50M Series B, securing an NBFC license for expanded loan distribution and co-lending, and reporting revenue growth of 161% in 2020 and 123% in 2021, while employing around 200 people.[2][5][6]
Jai Kisan was co-founded in 2017 by Arjun Ahluwalia (CEO) and Adriel Maniego (COO), who left high-paying finance jobs in the U.S. to move to an Indian village and address rural India's credit gaps firsthand.[2][6] Drawing from their understanding of rural value chains, they launched Bharat Khata as a tech-enabled app to provide affordable financial services, starting with instant credit and supply chain financing for farmers and small businesses.[1][3] Early traction came from partnering with anchors like dealers and aggregators, leading to pivotal moments like Forbes 30 Under 30 recognition, a $50M Series B funding round, and recently securing an NBFC license in 2025 to scale operations.[2][6]
Jai Kisan rides the agri-fintech wave in India, targeting 900 million rural lives amid rising digital adoption, UPI penetration, and government pushes for financial inclusion like PMJDY.[2][3] Timing is ideal post-demonetization and COVID, when rural credit demand surged but formal access lagged; market forces like RBI's NBFC regulations and co-lending frameworks now favor licensed players like Jai Kisan.[2] It influences the ecosystem by partnering with incumbents (e.g., HDFC, Red Fort), powering hinterland agriculture, and bridging urban tech with rural needs, fostering sustainable growth in a $400B+ agri-economy.[3][4]
Jai Kisan is poised for accelerated expansion post-NBFC license and recent 2025 funding extensions (e.g., INR 26.5 Cr), focusing on loan origination, co-lending, and deeper rural penetration with AI-enhanced credit scoring.[2][6] Trends like embedded finance, climate-resilient agri-tech, and rural digitization will shape its path, potentially evolving it into a full-stack rural neo-bank serving millions. As rural India digitizes, Jai Kisan's founder-led, ground-up model positions it to redefine financial inclusion, turning underserved farmers into empowered enterprises.[1][2]
Jai Kisan has raised $30.0M across 1 funding round. Most recently, it raised $30.0M Series A in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $30.0M Series A | Quona Capital, Syngenta Group Ventures, Engin Utkan |