OneImpact Technologies, an agri-fintech startup based at IIM Ahmedabad, has announced that it has raised seed funding from IIMA startup incubator CIIE.CO. The startup received funding from the IIMavericks programme, which provides mentoring and financial support to graduating students in innovative endeavours such as start-ups.
OneImpact Technologies is a startup that aims to make credit more accessible to dairy farmers. Maharshi Thaker, a second-year student at IIM Ahmedabad, founded it. The company intends to assist farmers in lending by enabling identification, risk profiling, and credit portfolio diversification through the use of digital technology, artificial intelligence, and machine learning capabilities. “The company intends to use the new funds to scale up loan disbursements to dairy farmers and validate proof of concept,” said CIIE.CO, IIM Ahmedabad in a statement.
“I’ve always been very purpose-driven, and dropping out of the IIMA placements was a big decision for me, but I was determined to build a business that would add value and benefit the masses.” “In pursuing my dream, I received tremendous support from the IIMavericks programme, and today, we, at OneImpact, are on the path to revolutionising Agri-lending in India through digital technologies,” Thacker added.
