New Delhi: Agriculture value chain promoter Samunnati on Friday said it has raised Rs 133 crore (US$16 million) in credit financing from Swiss impact investment firm Blue Earth Capital.
This is Blue Earth Capital's first debt investment and will help Samunnati expand initiatives aimed at improving the lives of smallholder farmers across the country through projects focused on climate adaptation, resilience and mitigation practices.
The funds raised from Blue Earth are the largest tranche of loan raised by Samunnati during the first quarter of the financial year.
Anil Kumar SG, founder and chief executive of Samunnati, said in a statement, “We are grateful for the support of Blue Earth Capital… This boost strengthens our efforts to improve the lives of smallholders through climate and sustainability projects. Will do."
In the current financial year, Samunnati has already secured USD 5 million (Rs 41 crore) in debt funding through external commercial borrowings from Enabling Capital. It had raised a total of USD 155 million (₹1,291 crore) in debt and equity financing in the last financial year.
Currently, 22 percent of Samunnati's active loan portfolio is dedicated to climate-smart financing models.
Amy Wang, head of private credit at Blue Earth Capital, said the company is “excited to support the first mover in agricultural value chain financing in India.”
This is Blue Earth Capital's first debt investment and will help Samunnati expand initiatives aimed at improving the lives of smallholder farmers across the country through projects focused on climate adaptation, resilience and mitigation practices.
The funds raised from Blue Earth are the largest tranche of loan raised by Samunnati during the first quarter of the financial year.
Anil Kumar SG, founder and chief executive of Samunnati, said in a statement, “We are grateful for the support of Blue Earth Capital… This boost strengthens our efforts to improve the lives of smallholders through climate and sustainability projects. Will do."
In the current financial year, Samunnati has already secured USD 5 million (Rs 41 crore) in debt funding through external commercial borrowings from Enabling Capital. It had raised a total of USD 155 million (₹1,291 crore) in debt and equity financing in the last financial year.
Currently, 22 percent of Samunnati's active loan portfolio is dedicated to climate-smart financing models.
Amy Wang, head of private credit at Blue Earth Capital, said the company is “excited to support the first mover in agricultural value chain financing in India.”
