Samunnati Financial Intermediation and Services Pvt. Ltd which is focused on agri value chains, has raised a total sum of Rs 150 crore funding from Switzerland-based responsAbility Investments AG, with participation from existing investors Accel Partners, from which Good Methods Global Inc has raised $ 9 million funds, and Elevar Equity.
Funds to Grow Books and Build Capacity
Samunnati Financial Intermediation and Services Pvt. Ltd will utilize the funds to grow their books and build capacity and training for community-based organizations that the firm works with.
About ResponsAbility Investments AG
ResponsAbility is a Zurich-headquartered social impact investment firm with over $3 billion in assets under management. The latest investment is from its dedicated agriculture fund.
Business Expansion of Samunnati Financial
Chennai-based agri- value chain Samunnati Financial Intermediation has expanded to 10 states and operates across 12 value chains, engaging over 250 community-based organizations and agri-enterprises. It has so far disbursed over Rs 500 crore in credit and provides financial intermediation, market link- ages and advisory services.