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Samunnati secures Rs 133 Cr from Blue Earth for climate projects

YourStory · 11m

Agrifinance startup Samunnati has secured a debt tranche of Rs 133 crore ($16 million) from impact investor Blue Earth Capital. The funding will be used to support climate and sustainability projects meant to improve the lives of smallholders. Samunnati is focused on building a climate-smart compliant portfolio, with 22% of its active portfolio dedicated to climate-smart financing. This marks Blue Earth Capital's first debt investment, while Samunnati received an earlier investment of $5 million from Enabling Qapital earlier this year. The company provides financial and non-financial solutions to farmers and agri enterprises.