Samunnati, India’s largest agri enterprise, has secured a significant debt tranche of Rs 133 crores (USD 16 million) during the first quarter of FY 24-25. The funding comes from Blue Earth Capital, a Swiss-headquartered global impact investment firm. This marks Blue Earth Capital’s first debt investment, reinforcing Samunnati’s commitment to empowering smallholder farmers across India.
Notably, in FY 23-24, Samunnati had secured a total of USD 155 million (Rs 1291 Cr) in debt and equity funding. The partnership with Blue Earth Capital will further enhance Samunnati’s initiatives in promoting access to climate-smart agricultural practices and resilience for smallholders.
Anil Kumar SG, Founder and CEO of Samunnati, expressed his gratitude, stating, "We're grateful for the support from Blue Earth Capital, for their significant credit financing to Samunnati. This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects."
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by agrikunba. Publisher: Krishi Jagran
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