ResponsAbility Investments, Accel Partners and Elevar Equity Invest US$23.6 Million in Samunnati (Asia)

Source(s): ResponsAbility Investments, Livemint | Author(s): Yuvraj Malik

Impact investment fund manager responsAbility Investments and venture capital firms Accel Partners and Elevar Equity have invested INR1.5 billion (approximately US$23.6 million) in India-based non-banking financial company Samunnati. ResponsAbility led the round and invested through responsAbility Agriculture I. Samunnati, which provides financial services for small and medium-sized businesses across the agriculture value chain in India, will use the new capital to expand its portfolio of loans.