DV Excellus (DVE), established in 2016 and now with 25 full-time staff, is a tech company focused on providing agricultural technological solutions to farmers while linking agri-suppliers through a tech-enabled platform. The company is also the parent of Kheti Ventures, which began operations in 2019. Kheti is an agri-food-tech digital platform that connects agri-input companies, farmers, and agri-product buyers through its web and mobile platforms, i.e., Kheti Farm and Kheti Food. DVE’s current strategic shift is to build an agri-fintech platform, which will allow farmers to easily access agri-loans and insurance, addressing a critical gap in Nepal’s agricultural sector. The company has already designed a streamlined process that connects farmers with financial institutions to secure agri-loans for purchasing farm inputs through their KHETI Karja feature, developed in collaboration with NMB Bank and integrated into the Kheti Farm app.

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Post-investment Facilitation for Market Expansion

DV Excellus (DVE) is an agri-fintech company delivering digital financial and agricultural services to smallholder farmers through its Kheti platform. From September 2024 to May 2025, DVE partnered with CASA to strengthen its operational capacity, expand farmer and vendor onboarding, and demonstrate the commercial viability of its service model in Provinces 2 and 5. The partnership was initiated with the aim of de-risking a potential equity investment. CASA’s support directly addressed investor concerns by enhancing platform functionality, building farmer financial literacy, improving last-mile service delivery, and facilitating engagement with local governments to explore co-financed agri-loan pilots.

Through the partnership, DVE produced a strategic business plan and strengthened internal policies to support future growth. To deepen market penetration, 55 vendors from Provinces 2 and 5 were onboarded onto the Kheti platform. CASA also supported DVE’s engagement with 33 local government representatives to align on public-private partnership opportunities, though the absence of a guarantee mechanism limited formal commitments. Additionally, four commercial banks were engaged, and a Letter of Intent was secured from one to explore the integration of financial services into the Kheti platform.

To build platform visibility and user adoption, 745 farmers were trained through field-level mobilesation, a promotional video was developed, and a digital marketing campaign was launched to increase mobile app installations. Of these, 628 accessed loans through the app. CASA also supported the development and integration of an impact measurement tool within the platform to monitor service uptake, user behavior, and financial transactions. While the original goal of expanding into three provinces and reaching 8,000 smallholders was scaled back, the partnership laid a strong foundation for future growth and investment readiness, highlighting the platform’s potential to serve as a scalable digital solution for inclusive agri-financing in Nepal.

Updated: August 2025