Debt Financing
Agri value chain enabler Samunnati Raises $4.6 M from Symbiotics
Chennai-based agritech startup Samunnati has raised USD 4.6 million from market access platform Symbiotics via green bonds. The proceeds are fully allocated towards climate smart agriculture. Samunnati provides short-term loans to farmer producer organisations, community business organisations and agri-enterprises and works towards supporting marginal farmers by removing inefficiencies in the agricultural value chain.
From Venture Intelligence PE-VC Deals Database : Between Feb'15 to Jan'21, Samunnati has raised USD 72 million from Elevar Equity, Accel India, responsAbility, TIA, Accel USA, TPF Growth and debt fund of USD 38 million from FMO, OPIC, Symbiotics Group and Triple Jump. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From Venture Intelligence M&A Deals Database : In Apr-21, Sammunati acquired Kamatan Farm Tech in an all-stock deal.
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