Samunnati Secures ₹133 Cr Debt Funding from Blue Earth Capital”

Samunnati Secures ₹133 Cr Debt Funding from Blue Earth Capital”

Samunnati Secures ₹133 Cr Debt Funding from Blue Earth Capital”

Agriculture value chain enabler Samunnati has raised Rs 133 crore (approx. $16 million) in debt funding from Blue Earth Capital, a Swiss impact investment firm.

Notably, the investment is the largest single debt tranche secured by Samunnati in the first quarter of the fiscal year.

The funding will enable Samunnati to expand its financial support to a wider network of farmer collectives and agricultural enterprises across India.

Founded in 2014 by Anil Kumar SG, Samunnati is an integrated platform offering financial and advisory services to underserved Indian farmer collectives and agricultural enterprises.

Overview of Samunnati: Samunnati is an agriculture value chain enabler in India, providing essential financing, market linkages, and advisory services. It supports over 6,000 farmer collectives and 3,500 agricultural enterprises across 28 states, addressing challenges in financing and market access for smallholder farmers.

Initiatives: Samunnati’s initiatives include academy programs, commodity research reports, capacity building, financial literacy improvement, and sustainable farming practices. These efforts help farmer collectives scale operations and adopt sustainable practices, enhancing the potential of Indian agriculture. Currently, 22% of Samunnati’s lending portfolio focuses on climate-smart finance.

Use of Funds: The recent ₹133 crore debt investment from Blue Earth Capital will be used to support smallholders through various climate and sustainability projects.

Leadership Comments: Anil Kumar SG, founder and CEO of Samunnati, emphasized that this funding will strengthen their efforts to empower stakeholders in the agricultural value chain and transform the lives of smallholder farmers.

Investor Comments: Amy Wang, Head of Private Credit at Blue Earth Capital, expressed enthusiasm for the partnership, highlighting the importance of expanding Samunnati’s loan book and promoting climate-smart agricultural practices.

In the current fiscal year, Samunnati has already secured ₹41 crore in debt funding from Enabling Qapital. Last fiscal year, the company raised ₹1,291 crore in debt and equity financing.

Author: Global Agritimes