Agri-finance startup Samunnati raises $20 million to expand its financing assistance to Indian farmers
To expand its financing and technical assistance to low-income farmers throughout the agri-value chain in India, Samunnati – an agri-finance startup – raised $20 million in debt from the US International Development Finance Corporation (DFC)
The newly raised funds will help the Chennai-based company to expand its to expand its lending activities in the second half of the ongoing fiscal year.
Setuka Partners LLP was the exclusive adviser to this transaction. Founded in 2014, the start-up disbursed over Rs 4,000 crore worth of loans so far.