Samunnati Secures Rs 133 Crore in Debt Financing from Blue Earth Capital

Agriculture value chain enabler Samunnati has raised Rs 133 crore (USD 16 million) in credit financing from Swiss impact investment firm Blue Earth Capital. This funding will help expand Samunnati's initiatives aimed at improving small farmers' lives through climate adaptation, resilience, and mitigation practices.


PTI | New Delhi | Updated: 14-06-2024 16:21 IST | Created: 14-06-2024 16:21 IST
Samunnati Secures Rs 133 Crore in Debt Financing from Blue Earth Capital
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Samunnati, a notable agriculture value chain enabler, announced on Friday that it has successfully raised Rs 133 crore (USD 16 million) in credit financing from Swiss impact investment firm Blue Earth Capital.

This is Blue Earth Capital's inaugural debt investment, and it will support Samunnati in expanding initiatives targeting the betterment of small farmers across the country. The projects will focus on climate adaptation, resilience, and mitigation practices.

The funding from Blue Earth is the largest debt tranche secured by Samunnati in the first quarter of this fiscal year. According to the founder and chief executive, Anil Kumar SG, this financial influx will significantly bolster efforts to enhance the lives of smallholders through sustainable projects.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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