Rural Fintech Startup Jai Kisan Nets INR 26.5 Cr From Existing Investors

Its shareholders passed a resolution on April 1 to allot CCPS worth INR 12.48 Cr to Mirae Asset, INR 11.90 Cr to Unitary Fund and INR 1.99 Cr to Blume Ventures

Jai Kisan has allotted a total of 980 compulsory convertible cumulative preference shares (CCPS) Series B6 to the aforementioned investors at a premium of INR 2,70,033

Founded in 2020 by Arjun Ahluwalia and Adriel Maniego, Jai Kisan is a rural India-focussed neo bank that offers credit solutions in online and offline rural commerce environments

Rural fintech…