India, April 4 -- Rural fintech startup Jai Kisan has raised a funding of INR 26.47 Cr (around $3 Mn) from existing investors Mirae Asset, Unitary Fund and Blume Ventures.

As per the startup's filing with the MCA, it 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.

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.

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.

The fintech startup obtaine...