Agri-Fintech Startup Samunnati Secures $5M Debt Funding For Expansion

Featured in Yourstory

Established in 2014, Samunnati offers financial, co-financial and non-financial solutions to marginal, small and medium holders such as farmers, agri enterprises and wholesale/retailers.

Tamil Nadu-based Agri-finance company Samunnati has raised $5 million in debt funding from Enabling capital, a global impact investment firm.

Samunnati will use the fresh investment to fuel its expansion across India.

“This strategic funding from Enabling Capital is a testament to the confidence investors have in the role Samunnati plays in bridging the credit gap for smallholder farmers. With these resources, we are well-positioned to empower countless farmers, drive agricultural progress, and contribute to a more prosperous rural India,” Anil Kumar, Founder and Group CEO at Samunnati, said.

In FY24, it had raised $155 million in funding, including $132 million in debt and the rest in equity. So far, it has raised funds from USDFC, Credit Saison, Tata Capital, Poonawalla, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.

Established in 2014, Samunnati offers financial, co-financial and non-financial solutions to marginal, small and medium farmers, agri enterprises, and wholesale/retailers. The company specialises in value chain finance, agri value chains, financial services, non-financial services, agricultural finance, and market linkage.

Leave a comment

You might also like

Samunnati in deal with Singapore firm to use AI for credit risks

14 September 2023

Samunnati in deal with Singapore firm to use AI for credit risks

Featured in The hindu businessline fibotsAI will help process credit applications quickly, create accurate custom models  Samunnati, one of India’s largest agri enterprises, has signed...

Samunnati, SatSure sign MoU to enable farm monitoring of loanee farmers to mitigate risk

28 September 2021

Samunnati, SatSure sign MoU to enable farm monitoring of loanee farmers to mitigate risk

Featured in AgriculturePost SatSure would enable farm-level monitoring of crop performance for loanee farmers of Samunnati and Samunnati would provide financing...

Samunnati Eyes Lending To Climate, Sustainability Initiatives In Agriculture

5 April 2024

Samunnati Eyes Lending To Climate, Sustainability Initiatives In Agriculture

Featured in The hindu businessline Says gross transaction value of its interventions are touching $3 billion-mark As it enters its tenth...

Samunnati raises $5 million from Dutch Development Bank, FMO

3 January 2019

Samunnati raises $5 million from Dutch Development Bank, FMO

Chennai-based Samunnati Financial Intermediation and Services Pvt Ltd, has executed the issuance of Non-Convertible Debentures (NCDs) aggregating to $5 million....