DGV

DGV (Digivriddhi Technologies) is India’s first integrated dairy fintech and marketplace platform, dedicated to transforming the financial and operational landscape for the country’s 75 million dairy farmers. Operating at the intersection of agritech and fintech, DGV serves India’s $145 billion dairy sector—contributing 25% to agricultural GDP—by bridging gaps in financial inclusion, productivity and market access. The company’s unique value proposition lies in its three-pronged approach: digitizing payments, enabling credit access and creating a unified marketplace for dairy stakeholders. 

Core Products and Services

• DGV Pay: Streamlines payments across the dairy value chain, enabling instant digital settlements for milk poured at village societies.

• DGV Money: Offers customized financial products, including digital cattle loans (₹60,000–₹3 lakh), working capital loans for milk societies, and insurance tailored to dairy farmers.

• DGV Connect: A marketplace for bovine trading, veterinary services, cattle feed and equipment, embedded with financing options (tapping into a $70–80 billion livestock management opportunity).

• ERP Integration: Partners with dairy cooperatives to leverage milk production data for AI-driven underwriting, reducing loan processing time by 70%.

Business Model & Revenue Streams

• Transaction Fees: Charged on DGV Pay settlements, contributing ~50% of revenue.

• Interest Income: From digital loans (30% of revenue), with a 98% repayment rate due to productivity-linked underwriting.

• Marketplace Commissions: 15% from DGV Connect’s bovine sales and input purchases.

• Subscription Fees: For premium features like advanced analytics and API access (5%).

Customer Segmentation

• B2B (80%): Dairy cooperatives (e.g., Amul), milk societies and banks (HDFC, Karnataka Bank).

• B2C (20%): Direct services to farmers, including loans and insurance.

Top Clients & Partnerships

• Amul (GCMMF): Partnership to digitize payments and loans for 3.6 million farmers in Gujarat.

• HDFC Bank & Karnataka Bank: Provide institutional credit via DGV’s platform, leveraging its last-mile BC (Business Correspondent) network.

• Federal Bank: Early partner for neo-banking solutions, including savings accounts and PMJJBY/PMSBY schemes.

• RBIH: Collaborated to build India’s first paperless digital cattle loan infrastructure.

Future Outlook & Strategic Priorities

• Geographic Expansion: Targeting Maharashtra, Madhya Pradesh and Uttar Pradesh to onboard 10 million farmers by 2026.

• Product Innovation: Launching AI-driven bovine health monitoring and blockchain-enabled supply chain tracking in 2025.

• Banking Partnerships: Adding 2–3 new bank alliances annually to expand credit access.

• M&A Opportunities: Evaluating acquisitions in veterinary tech and feed supply platforms.

• Regulatory Shifts: Evolving RBI guidelines for fintechs and agricultural credit.

• Macro Pressures: Volatility in milk prices and input costs impacting farmer liquidity.