A first-of-its-kind acquisition in the agri sector, Samunnati aims to strengthen its value proposition for FPOs and agri enterprises
Bengaluru, April 12, 2021: Samunnati, a specialized agri value chain solutions provider, today announced the acquisition of farmer-centric agri supply chain platform, Kamatan.
With this partnership, Samunnati and Kamatan hope to enhance their combined market linkage outreach to Farmer Producer Organizations (FPOs), small traders, farmer aggregators, and agri SMEs - helping them connect to corporate buyers and drive higher farmer income.
Recognising the impact, a technology-led approach to agriculture can create, Samunnati has joined hands with Kamatan to bring the last-mile benefits of digitalisation to FPOs and agri enterprises. Further, Kamatan’s expertise in agricultural institution building, farming best practices, farmer collectives, distribution, logistics and technology coupled with Samunnati’s holistic solutions approach through Aggregation, Market Linkages and Advisory services (AMLA) is expected to help agri value chains operate at a higher equilibrium.
This integration of the two organizations is expected to accelerate Samunnati’s journey towards becoming a full spectrum agri solutions service provider, thus consolidating its leadership position in the space.
Commenting on the acquisition Anilkumar S G, Founder and CEO, Samunnati said, “We are impressed with the rapid growth momentum Kamatan Farms has witnessed. They have built efficient supply chains for all farm produce, leveraging technology to reduce wastage and inefficiencies, while linking producers and bulk buyers in a seamless, transparent, and value-driven relationship. This has a strong correlation with Samunnati’s work with FPOs on the supply side and agri enterprises on the demand side across 20 states in India. We look forward to bringing the benefits of our joint synergies to FPOs and agri enterprises across the nation.”
“The agri sector in India is poised at an inflection point with enormous potential for the emergence and growth of inclusive value chains, owing to the push for self-sufficiency. We are excited about Kamatan’s integration with Samunnati, as we both share a vision to make agri value chains more inclusive, transparent and efficient. We are confident that our combined efforts will result in a bigger bouquet of services reaching a larger number of FPOs and agri enterprises and together we will create new milestones of growth in serving the needs of the agri community.'' said Pravesh Sharma, a former IAS officer and Co- Founder and CEO, Kamatan Farm Tech Pvt. Ltd.
About Samunnati Financial Intermediation & Services Pvt. Ltd. (https://www.samunnati.com)
The term ‘Samunnati’ means ‘collective growth, collective prosperity, collective elevation’. Started in 2014 as the only specialized Agri Value Chain Solutions provider, the organization is steered by one vision - ‘to make market work for smallholder farmers’ by making agri value chains operate at a higher equilibrium. The organization leverages ‘social’ and ‘trade’ capital to offer customized financial solutions to stakeholders across the agri value chain. Samunnati’s growth-oriented approach, known as AMLA [Aggregation, Market Linkages and Advisory services] empowers the agricultural community by supporting them to build better market linkages and using relevant technology and skills for growth. Headquartered in Chennai, Tamil Nadu, India, Samunnati has its presence in more than 100+ agri value chains including pilots spread over 20 states in India.
About Kamatan Farm Tech Pvt. Ltd. (http://www.kamatan.in)
Kamatan Farms is a Logistics and Supply Chain company building inclusive and sustainable agri value chains. Kamatan farms sources farm produce directly from farmers and Farmer Producer Organizations (FPOs) and customizes the supply model for each buyer to ensure the utmost efficiency of the supply chain. The company has assisted farmers in implementing best practices in producing, harvesting, packaging and transporting produce, ensuring that the value they get for their produce is significantly higher than what traditional supply-chains offer. The company works with 70 FPOs and has supported over 30,000 farmers across 20 cities in procuring, sourcing, storing, quality control and logistics solutions. The company’s clients include agri enterprises, food processors and institutional buyers.
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