Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund

Over the past 6 months, Jai Kisan has disbursed over Rs 50 crore in loans of top tier credit quality to a diverse set of 5,500-plus borrowers from various income groups across 10 states

Jai Kisan, a Mumbai-based fintech platform, on Tuesday, said it has raised Rs 30 crore funding from Arkam Ventures with the participation of a fund backed by NABARD.

Founded by Arjun Ahluwalia and Adriel Maniego graduates of Texas A&M University - who quit their jobs in private equity and restructuring firm, respectively, to move to India, Jai Kisan is a fintech platform for rural emerging markets that facilitates a suite of financial products to rural customers.

In a statement, the platform said it has "closed a Rs 30 crore Pre-Series A round of funding led by Arkam Ventures (previously known