Kaleidofin raises USD 5.3 million from IDH Farmfit Fund
Company News

Kaleidofin raises USD 5.3 million from IDH Farmfit Fund

Kaleidofin has secured an equity investment of USD 5.3 million from the IDH Farmfit Fund, bringing its ongoing funding round to USD 19 million. The Chennai-based fintech firm, which provides financial solutions to small and marginal farmers, women-led enterprises and nano businesses, aims to scale lending, credit scoring, and risk services through strategic partnerships. This follows an earlier USD 13.8 million investment led by Rabo Partnerships, alongside existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. Since its inception, Kaleidofin has raised a total of USD 42 million. The collaboration with IDH Farmfit Fund will focus on expanding financial access across smallholder value chains, particularly in dairy and allied agri sectors. A key innovation will be the development of the ‘ki score agri’—a sector-specific credit health tool that enables more targeted financial products such as loans for animal husbandry, equipment, and climate-smart agriculture. “The partnership will help create specialised credit solutions that can improve risk assessment and support underserved farmers,” said Sucharita Mukherjee, Co-founder and CEO, Kaleidofin. Investment leads at IDH highlighted the potential for enhanced underwriting and borrower insight to turn smallholder finance into an investable asset class.

Kaleidofin has secured an equity investment of USD 5.3 million from the IDH Farmfit Fund, bringing its ongoing funding round to USD 19 million. The Chennai-based fintech firm, which provides financial solutions to small and marginal farmers, women-led enterprises and nano businesses, aims to scale lending, credit scoring, and risk services through strategic partnerships. This follows an earlier USD 13.8 million investment led by Rabo Partnerships, alongside existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. Since its inception, Kaleidofin has raised a total of USD 42 million. The collaboration with IDH Farmfit Fund will focus on expanding financial access across smallholder value chains, particularly in dairy and allied agri sectors. A key innovation will be the development of the ‘ki score agri’—a sector-specific credit health tool that enables more targeted financial products such as loans for animal husbandry, equipment, and climate-smart agriculture. “The partnership will help create specialised credit solutions that can improve risk assessment and support underserved farmers,” said Sucharita Mukherjee, Co-founder and CEO, Kaleidofin. Investment leads at IDH highlighted the potential for enhanced underwriting and borrower insight to turn smallholder finance into an investable asset class.

Next Story
Real Estate

Kolkata’s luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata’s luxury residential market (Rs 5–10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment’s supply. The average price rose by 6 per cent—from Rs 17,519 to Rs 18,600 per sq ft—while unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Next Story
Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka’s Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur’s Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?