Agri-finance startup, Samunnati, based in Chennai, has successfully raised INR 1,123 Cr in debt funding during the first half of FY24-25. This funding will support Samunnati’s mission to enhance the agricultural value chain through integrated financial solutions and market access.
As per the media reports, the company welcomed 14 new lenders, including notable banks like Kotak Mahindra, Indian Overseas Bank, , ESAF and Karur Vysya Bank, and impact lenders Blue Earth and Enabling Qapital, which collectively contributed around ₹480 crore.
Anil Kumar SG, Founder and CEO of Samunnati, highlighted that the company has managed to reduce its average borrowing costs by 20 basis points despite a challenging credit environment marked by rising interest rates, reflecting both operational efficiency and strong creditworthiness.
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Additionally, Samunnati is exploring innovative funding avenues, successfully attracting over 5,500 investors through online bond platforms. In the previous financial year, the company secured $155 million (₹1,158 crore) from a diverse group of investors, underscoring its financial stability and the growing confidence in its vision for empowering India’s agricultural community.
Samunnati claims to be ” the India’s largest agri enterprise,” focusing on a mission to unlock the trillion-dollar potential of Indian agriculture by adopting a holistic, value chain-wide approach that prioritizes smallholder farmers as the chief beneficiaries. With a robust network encompassing over 6,500 Farmer Producer Organizations (FPOs), 3,500 Agribusiness Entrepreneurs (AEs), and 500 startups, Samunnati engages with 8 million farmers across 28 Indian states and operates in 100 agricultural value chains. This comprehensive strategy aims to enhance the livelihoods of farmers and strengthen the agricultural ecosystem in India.
