Making Sense of Jai Kisan's 💰30Mn Raise

Can Jai Kisan (the agri-fintech startup, not the populist slogan that robs Indian farmers of agency) live up to its tall promise to serve the 'un/under-served rural Indian'?

“[Rural] branches are bogged down with their liability products…Where is the time to look at credit?” - Manju Agarwal, Former DMD, SBI, in a 2021 panel on Agri-Financing

“…We are not a lender, right. We need to get the Samunnatis, the IDFCs, the Kotaks, etc of the world interested in lending towards this space.” - Arjun Ahluwalia, CEO, Jai Kisan, in a 20…