Neobank for dairy sector Digivriddhi raises $3-M from Info Edge, Omnivore

Bengaluru-based Digivriddhi Technologies (DGV), a dairy industry focused fintech startup, has raised USD 3.1 million in a pre-series-A round from Info Edge Ventures and Omnivore Partners. This is the startup's first institutional round of funding; earlier, it had raised around INR 4 crore of angel investment from CXOs and executives from the financial services industry. Through its digital platform, DGV aims to help the country's over 75 million dairy farmers, with access to formal banking and financial services. It is currently working with dairy co-operative unions and their respective milk co-operative societies and farmers to provide them access to payments, liabilities, and asset products through its partnership with Federal Bank.