Samunnati plans to raise $100 million in its Series E funding round as it looks to grow business in different countries. “These funds will be utilised in expanding the business, developing technology, and hiring tech talent,” Anilkumar SG, Founder and CEO of Samunnati, said.

Founded in 2014, Samunnati offers finance and commerce solutions to farmers’ collective and agricultural firms. The firm claims to process a gross transaction value (GTV) of Rs 2,650 crore across Agri-eCommerce and agri-finance in FY21. Saminnati’s lending size starts from Rs 5,000 to Rs 20 crore in the interest rate of 13-18 per cent. The company is present in around 22 states in India with access to 1,500 farmers organisations with more than 6 million farmers. The company aims to help the Farmer Producer Organisations in the country to provide aggregation, market linkages, and advisory services.