Will raise additional funds worth $30-50 million in 2-4 months, says Jai Kisan CEO

Rural fintech startup Jai Kisan has raised $50 million in a combination of equity and debt in the first close of its ongoing Series B round. The fresh capital was raised from new investors GMO Venture Partners, Yara Growth Ventures, DG Daiwa Ventures and existing investors Blume, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others.

The debt funding was provided by Northern ARC, Alteria and MAS Financial. Jai Kisan now aims to expand its product suite and enhance the customer journey. To discuss the road ahead, CNBC-TV18 spoke to Arjun Ahluwalia, Co-Founder & CEO of Jai Kisan.

Also, Arjun Deshpande, Founder & CEO of Generic Aadhaar spoke about how the company plans to utilise its Pre-Series A fundraise.

Also watch how Stanplus, a Hyderabad-based startup is trying to incorporate the under 10-minute factor into the private ambulance industry. The company, via its Red Ambulance platform, leverages technology to offer a premium quality medical response to the patients. It aims to create a 911-like model for Indian healthcare and build an Uber-like technology for ambulances in the country.