Agri-fintech Startup Samunnati Secures $5M Debt Funding for Expansion

• ByStartupStory     |    April 25, 2024

Tamil Nadu-based agri-finance company Samunnati has announced securing $5 million in debt funding from Enabling Qapital, a prominent global impact investment firm. The funding injection is earmarked to propel Samunnati’s expansion initiatives across the country, aimed at uplifting smallholder farmers and fostering agricultural advancement.

“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,” expressed Anil Kumar, Founder and Group CEO at Samunnati.

In the fiscal year 2024, Samunnati amassed a total funding of $155 million, with a significant portion comprising $132 million in debt and the remainder in equity. Noteworthy investors in Samunnati’s journey include USDFC, Credit Saison, Tata Capital, Poonawalla, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.

Established in 2014, Samunnati specializes in offering financial, co-financial, and non-financial solutions tailored for marginal, small, and medium-scale farmers, agri enterprises, as well as wholesale and retail stakeholders. The company’s core expertise lies in value chain finance, agri value chains, financial services, non-financial services, agricultural finance, and market linkage.

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