DGV

Mumbai, India Founded: 2019 • Age: 7 yrs Minicorn
Provider of dairy fintech, insurtech, and marketplace platform
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About DGV

DGV is a Financial Services company based in Mumbai (India) founded in 2019 by Ragavan Venkatesan. It operates in the Financial Services and Agriculture sectors. DGV has raised $9.56 million across 3 funding rounds from investors including Apex Group, Temasek and Omidyar Network India. The company has 105 employees. DGV was last valued at $20.81 million in May 2023. Its chief executive, as recorded, is Ragavan Venkatesan. Its Indian entity Digivriddhi Technologies Private Limited reported revenue of ₹3.22 Cr. Its focus areas include Food and Agriculture Tech, Livestock Tech, Financing Platforms and Lending. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.

Company details

Provider of dairy fintech, insurtech, and marketplace platform. It is a marketplace platform for discovering indigenous and crossbred bovine breeds, dairy equipment, feed supplements, insurance, and AI services with embedded financing options. Its mobile and web-based fintech platform enables doorstep banking services at milk collection points, facilitating secure and transparent financial transactions. It also offers customized financial products such as cattle loans and cattle insurance tailored for dairy farmers.

Operational Areas
Financial Services → Payments & Remittance Platforms
Agriculture → Crop Tech & Equipment
Financial Services → Alternative Lending
Agriculture → Livestock Tech & Equipment
Key Metrics
  • Annual Revenue
    ₹3.22 Cr

    FY 2025 · +65% YoY

  • Net Loss
    -₹17.34 Cr

    FY 2025 · -538% margin

  • EBITDA
    -₹12.56 Cr

    FY 2025 · -390% margin

  • Total Equity Funding
    $9.56M (USD)

    in 3 rounds

  • Latest Funding Round
    $6M (USD), Series A

    May 2023

  • Investors
    Apex Group

    & 25 more

  • Employee Count
    105

Funding Insights of DGV

DGV has successfully raised a total of $9.56M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $9.56M
  • Total Rounds 3
  • Last Round Series A — $6M
  • First Round $466,203

    (Jun 2020)

  • Investors Count 26

All 3 funding rounds of DGV with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2023$6MSeries A$20.81MOmidyar Network India, Apex Group
Omnivore, Info Edge Ventures
Nov 2021$3.1MSeed$12.46MOmnivore, Info Edge Ventures
–
Jun 2020$466,203Angel Round$•••••Sabita Venkatesan
Aruna Sundararajan, Rajesh Bansal
Valuation history
DateValuationStage
May 2023$20.81M••••••••
Nov 2021$12.46M••••••••
Jun 2020$•••••••••••••
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Full valuation and stage history of DGV

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Last known valuation $20.81M (May 2023). 26 investors in total: 5 institutional and 21 angel.

Investors in DGV

DGV has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Apex Group, Temasek and Omidyar Network India.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Omidyar Network India
Investments are made in digital society, education, and employability sectors.
omidyarnetwork.inMumbai, India
Omnivore
Agritech startups are funded by Omnivore, a venture capital entity.
omnivore.vcMumbai, India
Info Edge Ventures
Venture capital firm backed by Info Edge and Temasek
infoedgeventures.inNoida, India
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
Apex Group
Apex Group is recognized as a single-source financial solution provider.
2003apexgroup.comBermuda

Sabita Venkatesan

unknown_3c5e1b1733734154b

Aruna Sundararajan

unknown_03da4b09d5874157a

Rajesh Bansal

Angel investor, ex-Carlyle Group, focuses on Indian startups
unknown_f16796a143e640a68

M V Subramanian

Angel investor, ex-entrepreneur, focused on Indian startups and technology innovation
unknown_7d8aa60625514a638

Srinivas Yanamandra

unknown_fe0dcfcefcb047408
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Investor details for DGV

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Board of directors of Digivriddhi Technologies Private Limited (DGV)

Digivriddhi Technologies Private Limited is the primary company behind DGV. The board of Digivriddhi Technologies Private Limited currently have 8 directors; the longest-serving is Ragavan Venkatesan, appointed in 2019. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ragavan Venkatesan
DIN 08640806
Managing Director17 Dec 20196 yrs 10 moDigivriddhi Technologies Private Limited
Mundamuka Venkateswaran Subramanian
DIN 07628898
Director25 Jun 20206 yrs 3 moDigivriddhi Technologies Private Limited
Nishchint Paliwal
DIN 06548122
Officer in default16 Nov 20232 yrs 11 moDigivriddhi Technologies Private Limited
Reihem Roy
DIN 07009489
Nominee Director02 Dec 20232 yrs 10 moDigivriddhi Technologies Private Limited
Treasa Mary Mathew
DIN 02069587
Nominee Director03 Jan 20242 yrs 9 moDigivriddhi Technologies Private Limited
Sowmiya Venkatesan
DIN 10245141
Director29 Feb 20242 yrs 7 moDigivriddhi Technologies Private Limited
Amol Warange
DIN 08730398
Nominee Director31 Jan 20251 yr 8 moDigivriddhi Technologies Private Limited
Rajesh Bansal
DIN 07974968
Director12 Nov 202511 moDigivriddhi Technologies Private Limited

People of DGV

4 people are tracked at DGV (4 in leadership); the tracked headcount is 105.

NameRoleGroup
Ragavan Venkatesan
Founder & CEOLeadership
Surya Naryana Reddy
Head - OperationsLeadership
Nishchint Paliwal
ChiefLeadership
Treasa Mathew
She Is Director, Investments At Omidyar Network IndiaLeadership
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Financials of DGV

Figures of Digivriddhi Technologies Private Limited, the primary company behind DGV, for FY 2025. Revenue was ₹3.22 Cr (+65% year on year). Net loss was -₹17.34 Cr (-538% margin). EBITDA was -₹12.56 Cr (-390% margin). Revenue has grown at a compounded annual rate of +90% over three years and +201% over five years.

  • ₹3.22 CrRevenue · FY 2025 · +65% YoY
  • -₹17.34 CrNet loss · -538% margin
  • -₹12.56 CrEBITDA · -390% margin
  • ₹2.19 CrPaid-up capital
  • 105Employees (provident fund records)
  • +90%Revenue CAGR, 3 years
  • +201%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Digivriddhi Technologies Private Limited are on its company page.

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Detailed financial statements for DGV

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Timeline of DGV

4 dated milestones of DGV across 4 years, from founding to its latest funding, stage changes and deals.

  1. Founded DGV is founded.
  2. Funding First funding round of $466K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A, of $6.0M.

Competitors of DGV

DGV has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Razorpay
razorpay.com2014Bengaluru, India$741.62M2,641
Payment and business banking solutions are provided for enterprises.
Mintoak
mintoak.com2017Mumbai, India$24.71M140
Digital payments and engagement solutions are offered for MSMEs.
Pine Labs
pinelabs.com1998Noida, India$1.23B3,780
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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Detailed competitors of DGV

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Web traffic of DGV

The website of DGV (dgv.in) receives about 2K visits a month.

  • Monthly visits
    2K

    ▼ 4.8% vs previous month

Top companies in Payments & Remittance Platforms

3 companies that operate in the same segment as DGV (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Paytm
Digital payments, financial services, and e-commerce platforms are provided.
2000Noida, Uttar Pradesh, IndiaUSD 2.81 BUSD 1.05 B39,368
PhonePe
Payment, financial, investment, and lending services are provided digitally.
2012Bengaluru, Karnataka, IndiaUSD 1.71 BUSD 950.07 M12,265
Razorpay
Payment and business banking solutions are provided for enterprises.
2014Bengaluru, Karnataka, IndiaUSD 741.62 MUSD 302.19 M2,850
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Related news about Dgv

How Digivriddhi Tech is making finance and insurance accessible for dairy farmers
Forbesindia • 1 year ago
Omidyar leads Rs 50 Cr Series A round in DGV
Entrackr • 2 years ago
Banking platform DGV raises $3.1 Mn in Pre-Series A
Entrackr • 4 years ago
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Frequently Asked Questions about DGV

DGV was founded in 2019 and raised its 1st funding round 1 year after it was founded.

DGV is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Ragavan Venkatesan is the CEO of DGV, as recorded in our data. They have also founded this company.

DGV is a funded company, having raised a total of $9.56M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $466.2K, raised on Jun 2020.

DGV has 105 employees.

The primary company behind DGV, Digivriddhi Technologies Private Limited, reported revenue of ₹3.22 Cr for FY 2025, up 65% year on year.

Provider of dairy fintech, insurtech, and marketplace platform. It is a marketplace platform for discovering indigenous and crossbred bovine breeds, dairy equipment, feed supplements, insurance, and AI services with embedded financing options. Its mobile and web-based fintech platform enables doorstep banking services at milk collection points, facilitating secure and transparent financial transactions. It also offers customized financial products such as cattle loans and cattle insurance tailored for dairy farmers.

DGV's top competitors include Razorpay, Mintoak and Pine Labs.

DGV has 26 investors. Key investors include Apex Group, Temasek, Omidyar Network India, Omnivore, and Info Edge Ventures.

The valuation of DGV is $20.81M as of May 2023.

DGV operates through Digivriddhi Technologies Private Limited.

The legal entities of DGV currently have 8 directors, including Reihem Roy, Nishchint Paliwal, Mundamuka Venkateswaran Subramanian and others.

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