By TRN Online, Kathmandu, Jan 10: Aadhyanta, a prominent private equity and venture capital firm, has announced Rs. 20 million investment into DV Excellus, an agri-fintech company.
This funding
will support the company's flagship platform, KHETI, which is transforming
Nepal's agricultural landscape by offering collateral-free loans up to Rs.
200,000 for smallholder farmers.
The KHETI
app provides a comprehensive suite of agricultural services and financial
products, empowering farmers to access quality inputs and transition towards
more commercially viable farming practices.
This move is
a key milestone for the Commercial Agriculture for Smallholders and
Agribusiness (CASA) programme, which is supported by the Foreign Commonwealth
Development Office (FCDO) and implemented in Nepal by Swisscontact.
The CASA
programme has been instrumental in attracting PEVC investments into Nepal’s
agricultural sector, helping bridge the gap between high-impact agribusinesses
and private sector investment.
"This
investment demonstrates the power of collaboration in driving systemic
change," said Manish Bikram Shah, CASA Country Manager.
"By
connecting PEVC firms with agribusinesses like DV Excellus, we are not only
boosting investment in agriculture but also ensuring long-term benefits for
smallholder farmers."
Adding more,
the Head of Inclusive Growth South and Southeast Asia for Swisscontact,
Siddarth Khada, said “Swisscontact has always been in the forefront in
mobilizing Private sector for development impact. And this investment into
Kheti exemplifies this”.
Agriculture accounts for nearly 30 per cent of Nepal's GDP, yet smallholder farmers often face significant barriers in accessing financing and quality inputs.
Manoj
Poudel, Managing Director of Aadhyanta, emphasized that supporting agri-tech
innovations like KHETI is vital to overcoming these challenges and unlocking
the sector's growth potential.
Since its
launch, DV Excellus has disbursed over Rs. 15 crore in loans to more than 1,000
farmers and currently serves over 15,000 active farmers.
The new funding
is expected to accelerate the company’s efforts to provide smallholder farmers
with the tools, seeds, and fertilizers necessary to shift from subsistence
farming to more sustainable, profitable commercial operations.
“This
partnership is a game-changer,” said Tulsi Giri, Co-founder of DV Excellus.
“The funding will help us scale our operations and empower thousands of farmers
to improve their productivity and resilience, driving economic growth for
Nepal’s agricultural sector.”
Through this
collaboration, Aadhyanta, DV Excellus, and CASA are setting the stage for a
more robust and inclusive agricultural ecosystem in Nepal, offering new hope
and financial opportunities for smallholder farmers aiming for a prosperous
future.