This Bank Clerk Built One of India’s Largest Agritech Enterprises, Helping Millions
Samunnati CEO and Founder Anilkumar SG's story is inspiring. From a bank clerk, he went onto set up India's largest Agritech company.
Samunnati plans to raise $100 million in Series E round to fund expansion
Agri-tech firm offers finance and commerce solutions to farmers’ collective and agricultural enterprises. The loan size ranges from Rs 5,000 to Rs 20 crore at an interest of 13-18 percent.
Why open agri-networks are key to scaling Agri 4.0 in India
It requires solutions focussing on grass-roots level interventions and innovations.
Bumper Harvests: Blockchain can benefit the agricultural ecosystem
This niche technology can be applied to simplify financial procedures, as well as to integrate all the stakeholders in the agri sector.
Why technology holds the key towards atmanirbhar krishi
During the second wave of the pandemic, agrarian communities in rural India had to bear the brunt of stricter and longer lockdown measures. In fact, smallholder farmers lost a significant chunk of their incomes when supply chains were not working at full capacity.
Fatal and non-fatal damages to the farmers also affect their dependents: Says Anilkumar SG, CEO, and founder at Samunnati
To free Indian farmers from the vulnerabilities of farming risks, and to promote the culture of insurance across rural India and especially among smallholder farmers.
Samunnati launches new scheme to crowdsource funds to cover small farmers’ risks
Specialised agri value chain enabling start-up Samunnati on Saturday launched an insurance initiative Annadata Suraksha Abhiyaan (ASA) to cover farmers from daily farming risks.
Easy loans for the ‘annadata’
Watch our founder & CEO, Anilkumar SG in conversation with TR Vivek, from the Business Line (aka The Hindu Business Line)
Samunnati, SatSure sign MoU to enable farm monitoring of loanee farmers to mitigate risk
SatSure would enable farm-level monitoring of crop performance for loanee farmers of Samunnati and Samunnati would provide financing solutions to SatSure for their working capital and expansion requirements.
Richer Harvests: Technology for better farm yields
The agriculture industry employs around 58% of the Indian population contributing significantly to the Indian economy at around 18% of the country’s GDP. The sector is highly reliant on factors such as manpower, capital and rainfall, all of which pose a formidable challenge.