In 2015, Elevar Equity provided the first round of institutional capital to Samunnati, an India-based agtech enterprise that helps farmer producer organizations (FPOs) increase profitability by examining everything from the quality and care of inputs to techniques to bring in more water and expand storage capacity.

With Elevar’s support, Samunnati continued to offer farmers customized financial solutions and later launched its agricultural commerce division, which helps farmers aggregate demand and negotiate with large-scale buyers to reduce costs. Elevar also played an important role in bringing together additional equity and debt investors that are aligned with Samunnati’s mission.

Elevar has since participated in numerous follow-on rounds, investing through two of its funds and committing a total of USD27.7m as of June 2021. Samunnati operates across 100 agriculture value chains spread over 22 states in India and has an outreach of over six million farmers through more than 1,500 farmer collectives.