Agri Value Chain Enabler Samunnati Raises $4.6 Mn Debt Fund From Symbiotics
Agritech startup Samunnati announced today that it has raised a debt fund of $4.6 Mn from market access platform Symbiotics.
Agritech startup Samunnati announced today that it has raised a debt fund of $4.6 Mn from market access platform Symbiotics.
Symbiotics, the leading market access platform for impact investing, has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of USD 4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.
Kheyti helps smallholder farmers battle climate change through the greenhouse-in-a-box, a low-cost greenhouse bundled with end-to-end services.
Chennai-headquartered NBFC Samunnati has launched FPONEXT – an exclusive network of entities that are working with the FPO eco-system via an affiliation programme.
In the midst of the COVID-19 global health pandemic, smallholder farmers are facing unprecedented challenges.
The acquisition to help Samunnati in reaching a larger number of FPOs and agri-enterprises
Agriculture finance and value chain startup Samunnati on Monday announced that it has completed a 100% acquisition of agri logistics firm Kamatan in a share swap deal.
With this partnership, Samunnati and Kamatan hope to enhance their combined market linkage outreach to Farmer Producer Organisations (FPOs),
Nearly 58% of India’s population relies on agriculture as the primary source of livelihood, as per data from government-backed India Brand Equity Foundation.
Chennai-based agri-fintech startup Samunnati solves the working capital needs of smallholder farmers and agri-SMEs. It has impacted 54 agri value chains in 20 Indian states.