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Neo bank for dairy sector raises $3 mn

The Times of India logo The Times of India 15-11-2021 Sindhu Hariharan
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Chennai: Digivriddhi Technologies (DGV), a dairy industry focused fintech startup, has raised $3.1 million in a pre-series-A round of funding from Info Edge Ventures (the investment arm of Info Edge) and Omnivore. This is the startup’s first institutional round of funding and it earlier raised around Rs 4 crore of angel investment from CXOs and prominent executives from the financial services industry. Through its digital platform, DGV wants 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.

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