The agri-finance startup Samjhunta has raised its largest debt of Rs 133 crore ($16 million) from global impact investment firm Blue Earth Capital.
This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects. Their participation will enable us to increase our impact and bring about a positive change in rural communities, "said Anil Kumar SG, Founder and CEO, Samanvaya.
This includes collaboration with lenders, international agencies, and government entities on green bonds to build thematic lending models and credit guarantee coverage programs to build climate-smart compliant portfolios. Currently, 22% of Samunnati's active portfolio is dedicated to climate-smart financing.
This is also the first debt investment by Switzerland-based Blue Earth Capital. Additionally, Samunnati, which raised $155 million in debt and equity from FY 23-24, received $5 million (Rs 41 crore) from Enabling Capital at the beginning of this financial year.
"We are delighted to begin our partnership with Samunnati. "Amy Wang, Head of Private Credit at Blue Earth Capital, said," "We are very impressed by Samunnati's high impact social outcomes while demonstrating strong resilience across different market conditions." ""
Founded in 2014, Samantai offers financial, co-financial and non-financial solutions to marginal, small and medium farmers, agri-enterprises and wholesale / retail traders. The company specializes in value chain finance, agricultural value chains, financial services, non-financial services, agricultural finance and market linkages.
