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SatSure Bags Funding From TransUnion To Improve Credit Access For Agri Sector

Inc42 · 1y ago

SatSure Bags Funding From TransUnion To Improve Credit Access For Agri Sector

Bengaluru-based spacetech startup, SatSure, has raised an undisclosed amount in a Series A funding round co-led by Baring Private Equity Partners (India) and Promus Ventures. TransUnion also participated in the round. SatSure uses satellite data to provide "decision intelligence" in various sectors including BFSI, agriculture, and infrastructure. The investment will support the startup's product innovation. In 2022, TransUnion CIBIL partnered with SatSure to launch the CIBIL Credit & Farm Report, offering comprehensive credit and agricultural information for lenders. SatSure raised $15 million in a previous Series A round and has investors including Force Ventures and Luckbox Ventures.

Related News

Semi-urban, rural women account for 60% of women borrowers in India: Report

YourStory

YourStory · 4m ago

Semi-urban, rural women account for 60% of women borrowers in India: Report

A report by TransUnion CIBIL, NITI Aayog, and MicroSave Consulting reveals that 60% of Indian women borrowers are from semi-urban and rural areas. They dominate credit in agriculture, business, and gold loans. Southern states lead women's credit participation, with retail credit for women growing significantly since 2019. Despite progress, challenges like collateral requirements and gender biases persist, limiting many women’s access to credit. Government schemes have improved access but barriers remain.

Samunnati Bags INR 50 Crore to Boost Agri Finance Access

StartupTalky

StartupTalky · 1m ago

Samunnati Bags INR 50 Crore to Boost Agri Finance Access

Samunnati raised INR 50 crore through a Non-Convertible Debenture (NCD) on Wintwealth's platform to enhance capital access for smallholder farmers in the agri-value chain. This successful fundraising marks a total of INR 160 crore raised via Wintwealth, highlighting Samunnati's commitment to financial innovation and rural development. This initiative aims to involve retail investors in the agriculture sector, strengthening a more inclusive rural economy and showcasing the company's dedication to scaling impact across the agri ecosystem.

Samunnati completes Rs 381 Cr in Pre-Series E funding

Entrackr

Entrackr · 1m ago

Samunnati completes Rs 381 Cr in Pre-Series E funding

Samunnati, an agri enterprise focused on enabling inclusive growth across agri-value chains, has raised Rs 42.5 crore (around $5 million) in equity from Agri-Biz Capital Delaware LLC. This marks the first equity infusion for FY 2025-26 and brings the total Series E funding to Rs 381 crore. In the previous fiscal year, Samunnati raised $135 million in funding from several lenders, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Founded in 2014, Samunnati operates as a specialized agri value chain enabler offering customized financial and non-financial solutions. Its unique approach focuses on addressing the critical gaps in the agriculture ecosystem by linking farmers to markets, facilitating credit access, and improving farm productivity. The company works extensively with Farmer Producer Organizations (FPOs), agri SMEs, and agri-tech firms, serving over 6,000 farmer collectives and impacting millions of smallholder farmers across the country. With its presence in over 100 agri value chains and operations across more than 25 states, Samunnati’s product suite includes working capital finance, trade facilitation, supply chain solutions, capacity building, and market access support.

Mahaveer Finance bags Rs 200 Crore from Elevation Capital, BanyanTree, First Bridge

YourStory

YourStory · 28d ago

Mahaveer Finance bags Rs 200 Crore from Elevation Capital, BanyanTree, First Bridge

Mahaveer Finance, a Chennai-based NBFC, raised Rs 200 crore in a Series C funding round led by Elevation Capital, with participation from BanyanTree Finance and First Bridge Capital. The funds aim to expand Mahaveer's presence in South India, enhance technology infrastructure, and improve credit access for small entrepreneurs. Founded in 1981, the company specializes in financing used vehicles and serves over 20,000 customers through 80 branches, focusing on underserved markets.

B2B agri-food startup Farmtheory raises $1.45M in a funding round led by Merak Ventures

IndianStartupNews

IndianStartupNews · 1y ago

B2B agri-food startup Farmtheory raises $1.45M in a funding round led by Merak Ventures

Farmtheory, a B2B agri-food startup, has secured $1.45 million in a funding round led by Merak Ventures. The funds will be used to expand its operations, improve its technology infrastructure, and strengthen its supply chain. Farmtheory focuses on reducing food waste by procuring "freeform" produce directly from farmers and supplying it to businesses. The startup claims to have partnered with 3,000 farmers and served over 1,500 kitchens, contributing to sustainability in the agri-food sector.

Agri-tech Startup ONO Raises Rs 11 Cr In Seed Funding Round

Inshorts · 1y ago

Agri-tech Startup ONO Raises Rs 11 Cr In Seed Funding Round

Agri-tech firm ONO raised Rs 11 crore seed funding led by Aeravti Ventures, Indigram Labs. The Investment is poised to empower agricultural supply chain, create inclusive growth for farmers, APMC/MANDI ecosystem. ONO's data-driven platform addresses pain points like credit access and price intelligence. It operates across 6 states and 45+ APMCs/MANDIs with 30,000+ partners onboarded.

Agri Stack to cover six crore farmers by end of the year

Economic Times

Economic Times · 11m ago

Agri Stack to cover six crore farmers by end of the year

Agri Stack, a database of farmers in India, aims to cover 60 million farmers by the end of the financial year. Each farmer will receive a unique identification number, with linkages to government benefits. The Agri Stack will provide data through the Unified Farmer Service Interface (UFSI), offering information for various applications such as the Kisan credit card. The database will also enable digital crop surveys and the issuance of Jan Samarth-based Kisan credit cards. The goal is to provide farmers with easier access to credit and social benefits through a digital public infrastructure.

Marut Drones Bags $6.2 Mn From Lok Capital

Inc42 · 8m ago

Marut Drones Bags $6.2 Mn From Lok Capital

Marut Drones, a Hyderabad-based startup founded in 2019, has recently secured funding to support tech-enabled food and agriculture business models. The startup also has plans to establish drone agriculture service hubs to offer Drone-as-a-Service, working in collaboration with partners. The company was founded by three IIT alumni - Prem Kumar Vislawath, Sai Kumar, and Suraj Peddi - with the aim of developing drone-based solutions for agri-intelligence and agri-automation.

BioPrime Bags $6 Mn To Develop New Range Of Bio-Fungicides

Inc42 · 9m ago

BioPrime Bags $6 Mn To Develop New Range Of Bio-Fungicides

- Funding round led by impact fund Edaphon with participation from Omnivore and Inflexor - Capital will be used for research in crop protection and development of new bio-fungicides and bio-insecticides - Collaboration with other players to develop the new range of products - BioPrime offers agri-biological products for crop growth, resistance against stress, and increased yield - Founded in 2016

Bengaluru-based SatSure to Invest $35M to Launch Satellites by 2025

Startup News FYI

Startup News FYI · 1y ago

Bengaluru-based SatSure to Invest $35M to Launch Satellites by 2025

Indian start-up SatSure plans to invest $35 million to launch four earth imaging satellites by 2025. The Bengaluru-based company aims to become self-sufficient in generating its own satellite imagery, rather than relying on data from foreign space agencies. SatSure offers high-resolution optical and multispectral data for applications such as risk management, agriculture, and credit assessment. The company has partnered with hardware development organizations, including Spiral Blue and Satellogic, with the launch of satellites scheduled for November 2025. SatSure's expansion aligns with the growing interest and investment in India's space tech industry.

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