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Samunnati launches Carbon Incubator Facility “Biochar” to empower FPOs and farmers to integrate carbon projects into their operations

Samunnati launches Carbon Incubator Facility “Biochar” to empower FPOs and farmers to integrate carbon projects into their operations

September 6, 2024|

Samunnati is back in the black for FY24 on higher dispersal to Agri units, FPOs

Featured in The hindu businessline Clocks PBT of ₹ 21.8 crore against a loss of ₹ 129.7 crore in previous year  Agri-value chain financier Samunnati is back in the black for the financial year 2023-24 on higher disbursals to agri enterprises and farmer producer organisations (FPOs). The company reported a profit before tax (PBT) of ₹21.8 crore during FY23-24 against a loss of ₹129.7 crore in 2022-23.   Disbursements of Samunnati Financial Intermediation and Services were up 27 per cent and touched ₹3,525.6 crore during FY23-24 as compared to the previous year’s ₹2,775.8 crore. Sales of Samunnati Agro, which [...]

May 7, 2024|

Agri-Fintech Startup Samunnati Secures $5M Debt Funding For Expansion

Featured in Yourstory Established in 2014, Samunnati offers financial, co-financial and non-financial solutions to marginal, small and medium holders such as farmers, agri enterprises and wholesale/retailers. Tamil Nadu-based Agri-finance company Samunnati has raised $5 million in debt funding from Enabling capital, a global impact investment firm. Samunnati will use the fresh investment to fuel its expansion across India. "This strategic funding from Enabling Capital is a testament to the confidence investors have in the role Samunnati plays in bridging the credit gap for smallholder farmers. With these resources, we are well-positioned to empower countless farmers, drive agricultural progress, [...]

April 24, 2024|
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