Agri firm Samunnati gets Rs 133 cr debt funding from Swiss firm Blue Earth
Summary
Agriculture value chain enabler Samunnati on Friday said it has raised Rs 133 crore ($16 million) in credit financing from Swiss impact investment firm Blue Earth Capital.This is Blue Earth Capitals first debt investment and will help Samunnati expand initiatives aimed at improving the lives of small farmers across the country through projects focused on climate adaptation, resilience and mitigation practices.The funding from Blue Earth is the single largest debt tranche raised by Samunnati during the first quarter of the fiscal year. "Were grateful for the support from Blue Earth Capital... This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects," Samunnati founder and chief executive Anil Kumar SG said in a statement.