Tuesday, 10 June 2025
Agriculture finance start up Samunnati has raised $20 million in debt from the US International Development Finance Corporation (DFC) to expand its lending activities.
Chennai-based Samunnati, which disbursed over Rs 4,000 crore worth of loans since being founded in 2014, said that the debt capital would primarily be used to sanction loans to Farmer Producers’ Organizations and small and medium agribusinesses. Setuka Partners LLP was the exclusive adviser to this transaction.
“Samunnati is working with many FPOs on the supply side and Agri Enterprises on the demand side across 19 states in India,” said Anilkumar SG, founder and CEO, Samunnati.
“We are delighted to partner with DFC as this will help us further offer customised financial solutions, using social and trade capital, to FPOs and SMEs, enabling the agri-value chain to operate at a higher equilibrium,” Anilkumar said.
“The DFC is proud to work together with the experienced team at Samunnati and we look forward to collaborating in scaling up the breadth and depth of the company’s operations across India,” said Ajay Rao, Managing Director – South Asia Region, DFC.
Samunnati, which is focused on agriculture financing, has expanded its presence to over 112 districts in the country where it serves collectively about 4 million small farmers in partnerships with community associations and agri-enterprises.
Source- Samunnati
