Digivriddhi a dairy fintech startup raised $6 Million in funding.

Digivriddhi

Digivriddhi is India's first and only dairy fintech marketplace platform. Founded in 2016 by Ragavan Venkatesan, it acts as a bridge between banks, financial service providers, and the data ecosystem within the dairy industry. They specialize in providing end-to-end digital financial services to two target groups: dairy farmers and dairy micro-enterprises.

The company has raised a total of $6 million in funding, including a recent Series A round led by Omidyar Network India, funding will be used in:

Technological Innovation: Digivriddhi plans to enhance its existing fintech platform and potentially develop new solutions for the dairy industry.
Geographical Expansion: The company aims to enter new markets in India, including Karnataka, Andhra Pradesh, and Maharashtra. This move will help them reach a larger number of dairy farmers and micro-enterprises.
Increased Access to Credit: Digivriddhi provides institutional credit to dairy farmers and micro-enterprises. The additional funds will allow them to scale their operations and provide financial services to more individuals.

This fundraise is a significant milestone for Digivriddhi, marking their first time securing funding from a major impact investor like Omidyar Network India. This validation of their work strengthens their position in the dairy fintech landscape. Additionally, the capital injection will enable them to accelerate their growth and impact the lives of more dairy farmers in India.

Tags : #startups #investment #funding #fundingupdates #fintech #innovation #fwealthtech

Startups

Digivriddhi a dairy fintech startup raised $6 Million in funding.

Tags : #startups #investment #funding #fundingupdates #fintech #innovation #fwealthtech

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