Agri-tech firm raises Rs 90 cr in debt

Chennai-based Samunnati said it has raised Euro 10 million from FMO Entrepreneurial Bank as well as Triodos Fair Share Fund and Triodos Microfinance Funds, the two financial inclusion funds managed by Triodos Investment Management (Triodos IM). 

It said, FMO and Triodos IM have committed Euro 5 mn each in debt to Samunnati Financial Intermediation & Services Pvt Ltd, a NBFC in India, to help the company expand financing and technical assistance to low-income farmers and enterprises throughout the agricultural value chain.