Debt financing
Agri-supply chain player Samunnati raises Rs.50-Cr led by Northern Arc Capital
Chennai-headquartered agriculture value chain enabler Samunnati has raised INR 50 crore through green bonds, ?Northern Arc? Capital acted as the primary subscriber.The funds will be used by the company for developing climate-smart agriculture solutions across the firm’s value chain.Founded in 2014, Samunnati offers financial, co-financial and non-financial solutions to marginal, small and medium farmers, agri enterprises, and wholesale/retailer merchants. The company specialises in agri value chains, financial services, non-financial services, agricultural finance, and market linkage.
Between Feb-15 and June-24, Samunnati had raised about USD 88.16 M from Blue Earth Capital, TIAA, Accel USA, responsAbility, Elevar Equity, TPG Growth, Accel India, Accel India, Others. This excludes debt funding of USD 57 M from Triple Jump,FMO, Symbiotics Group,DFC,Impact Investment Exchange, others
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