VC Fund Investments
Agri fintech startup KiVi attracts Rs.15-Cr from Caspian, Piper Serica, others
Chennai-headquartered agriculture-focused fintech service KiVi (operated by Agrosperity Tech Solutions Private Limited) has raised INR 15 crore led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation. KiVi was incubated at IIT Madras Research Park. KiVi will use the investment to build a technology platform to scale-up, increase the last-mile presence across many districts, strengthen the product and risk capabilities and obtain an NBFC licence. Founded by Joby C O, KiVi allows farmers to access services such as agronomy, input supply, buyer aggregation, financial services, logistics, quality management, risk management and warehousing. KiVi currently operates in 4 districts in 2 states – Tamil Nadu and Bihar and has onboarded 5 lending partners and 15+ corporate commodity buyers. It has till date enabled 1,500+ farmers to access credit, launched MSME loan offerings to agri entrepreneurs and enabled commerce and trade finance in commodities including wheat, paddy & maize.
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