Debt financing
Agri-supply chain enabler Samunnati raises Rs.146-Cr
Chennai-headquartered agriculture value chain enabler Samunnati has raised INR 146 crore in debt. The round saw participation from State Bank of India, Axis Bank and Nabkisan.The company has raised INR 2,300 in debt for FY 24-25, which marks a 50% increase in debt funding compared to the previous year. The company has also managed to on-board 12 new lenders.Samunnati is an open agri-network that aims to empower farmers, Farmer Producer Organizations (FPOs), and agri-entrepreneurs through financing, market linkages, and sustainable solutions, ultimately making markets work for small-holder farmers.
Between Feb-15 and Dec-24, Samunnati had attracted about USD 151 M from Elevar Equity, Accel India, responsAbility, Triple Jump, FMO, Symbiotics Group, TIAA, TPG Growth, DFC and others.For FY24, Sumunnati had reported about INR 2,503.96 Cr in Operating Income and about INR 7.9 Cr in Net loss.
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