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Agribusiness, Climate, Company News, Finance, India, Start ups

The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country.

Samunnati, a leading agri value chain enabler, achieved a landmark milestone with the successful issuance of its first-ever Rs 50 crore Green Bond, a landmark achievement for climate financing in the Indian Agriculture sector.  Northern Arc Capital, a leading digital lending platform, has been the primary subscriber for this issuance.

The proceeds from this Green Bond will be used for financing climate smart agriculture solutions across different agriculture value chains in the country, this pioneering effort aligns perfectly Samunnati’s mission to empower smallholder farmers and promote sustainable development.

 “We have successfully raised Rs 50 crore through the issuance of Green Bonds. This is a significant milestone Samunnati’s team has achieved so far towards sustainable finance and environmental responsibility. The funds raised will support adoption of climate-smart agriculture solutions across different agriculture value chains in the country. Partnering with Northern Arc Capital marks a significant step towards empowering rural communities and building a greener future. Northern Arc’s subscription underscores the confidence they have placed in Samunnati’s vision and reinforces the collective efforts toward creating a positive environmental impact”, said Anil Kumar, CEO and Founder of Samunnati.

This Green Bond issuance not only marks a significant milestone for Samunnati but also sets a precedent in the agriculture sector. By leveraging innovative financial instruments, Samunnati aims to accelerate climate action in Indian agriculture.

Samunnati is paving the way for the future of the Indian agriculture landscape with its long-term, community-centric approach to sustainability initiatives and programs. By blending awareness with on-ground execution, enabling financial inclusivity, and harnessing the power of technology and data, Samunnati is setting a benchmark for addressing the challenges of climate change. This forward-looking strategy not only supports the immediate needs of farmers but also lays the foundation for resilient and sustainable agricultural growth, ensuring that Indian agriculture thrives amidst changing climate.

The proceeds from this Green Bond will

Company News, Finance, Funding, India, Start ups

The recent raised funds will enable Samunnati to strengthen its business operations and customize its solutions to meet the specific needs of different value chain players.

Samunnati, a leading agri value chain enabler, had an impressive $155 million in funding in the financial year 23-24. Now, setting the stage for the current financial year, Samunnati has begun FY24-25 by securing a $5 million in debt funding through an External Commercial Borrowing (ECB) from Enabling Qapital, a renowned global impact investment advisory firm.

In FY 23-24, Samunnati had made significant strides by securing $155 million in funding, comprising $132 million in debt funding and an additional $23 million in equity funding through the pre-series E round, all accomplished amidst a challenging funding landscape.

The recent strategic investment by Enabling Qapital is poised to propel Samunnati’s vision of revolutionizing the Indian agricultural sector by empowering small and marginal farmers. This infusion of fresh capital will facilitate Samunnati’s expansion efforts, enabling it to reach a broader spectrum of farmers across India while advancing financial inclusion initiatives.

Anil Kumar, Founder and Group CEO at Samunnati, emphasised, “This strategic funding from Enabling Qapital 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, and contribute to a more prosperous rural India.”

Moreover, in the recent years, Samunnati has emerged as a few companies in this sector, where reputed investors have shown their confidence and have come onboard. During FY23-24, it garnered investments from 13 esteemed lenders, comprising a prestigious roster including USDFC, Credit Saison, Tata Capital, Poonawalla, Hinduja Leyland Finance, Wint wealth, Altifi, Alteria Capital, and Anicut Capital.

The recent raised funds will enable Samunnati to strengthen its business operations and customize its solutions to meet the specific needs of different value chain players. By enabling access to finance, Samunnati empowers farmers to invest in their agricultural activities, thereby improving yields and increasing their income. This not only contributes to the overall growth of the agricultural sector but also fosters rural economic development.

The recent raised funds will enable Samunnati