Samunnati, an agri-finance startup has raised ₹1,123 crore in debt funding in the first half (H1) of FY25. The funds will help Samunnati expand its operations and advance its vision of sustainable growth and rural development.
The highlight of this financial year is the successful onboarding of 14 new lenders, who have contributed around ₹480 crores, which is a significant milestone in Samunnati’s growth journey. The new lenders include prominent banks like Kotak Mahindra Bank, Indian Overseas Bank, ESAF and Karur Vysya Bank and Impact lenders Blue Earth and Enabling Qapital.
Samunnati has also explored Innovative funding routes, such as online bond platforms wherein over 5500 investors have subscribed to Samunnati’s bonds, demonstrating the growing confidence in the company’s mission and financial stability.
Anil Kumar SG, Founder and CEO at Samunnati said, “At Samunnati, our relentless focus on deepening and strengthening the entire agricultural value chain has allowed us to achieve remarkable milestones in just six months of FY24-25. By integrating financial solutions with market access and capacity building, we are creating a robust ecosystem that empowers farmers and FPOs at every stage of the value chain. The funds will enable us to scale further, unlocking greater opportunities for India’s agri-community and bringing us closer to our vision of sustainable growth and rural prosperity.”
Founded in 2014, Samunnati provides financial, co-financial, and non-financial solutions to marginal, small, and medium farmers, agribusinesses, and wholesalers/retailers. The company specialises in value chain finance, agricultural finance, and market linkage.
Operating across 100 agri-value chains in 23 states, Samunnati has access to over 6,500 farmer collectives representing more than 8 million farmers.
Samunnati’s growth is backed by a robust group of investors, including USDFC, Credit Saison, Tata Capital, Poonawalla, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Earlier this year, in June, the company raised ₹133 crore ($16 million) from global impact investment firm Blue Earth Capital.
Samunnati’s impressive financial growth story continues this year also, building on the strong momentum of last year (FY23-24) where it had secured funding totalling $155 million (₹1158 Crore) for the whole financial year. During the last FY, it attracted investments from investors like USDFC, Credit Saison, Tata Capital, Poonawalla, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.
