Supply Chain Council of European Union |

Agri supply chain startup Kamatan secures Rs 30 crore financing, Technology News, ETtech

Agri supply chain startup Kamatan secures Rs 30 crore financing
Agri supply chain startup Kamatan Farm Tech has raised Rs 30 crore in equity and debt financing from Samunnati Agro Solutions, the Delhi-based company announced on Thursday.

Kamatan, which was formed post the merger of two agri-tech startups, LivLush and Sabziwala in 2018, works with over 70 farmer produce organisations (FPOs) to source produce for direct supply to agri enterprises, processors and modern retailers, such as Cargill, ITC and Gujarat Ambuja, among others.

The company, which is led by former Indian Administrative Services officer Pravesh Sharma, helps these FPOs in procuring, storing, quality control and logistics. Separately, it also services large buyers of produce with supply, bulk volumes, and factory gate delivery.

Proceeds of the latest round of fundraising, which has also seen participation from Kamatan’s existing institutional investor, impact investment firm Elevar equity, will be used by the company towards further expanding its linkages with FPOs. In all, Kamatan has raised an estimated $10 million in a mix of debt and equity.

“(It) will also add significantly to the depth of our engagement through value-added services, such as financial linkages, technology solutions for production, storage and quality management, besides input supplies,” Sharma, chief executive of Kamatan, said.

According to its website, Kamatan also counts the Taj Hotels, The Leela Palaces Hotels, and Resorts, as well as consumer-facing startups such as FreshMenu, Swiggy, BigBasket, Grofers and Chai Point, among its clientele.

“Technology will increasingly play a disruptive role in bringing efficiencies at the farm-end of the agri supply chain, and large companies which consume staple farm produce will look to players like Kamatan to tackle procurement challenges,” Rohan Patnaik, chief operating officer at Kamatan, said.

The company is currently in talks to raise additional capital, according to its founders.

Samunnati Agro Solutions is a subsidiary of Chennai-based agri value chain finance firm Samunnati Financial Intermediation and Services, which provides affordable and customised financial product offerings, including, retail loans to small and marginal farmers, working capital loans to community-based organisations and receivable finance to agri-focused SMEs.

“We are delighted to deepen our relationship (partnership) with Kamatan and see tremendous potential to leverage synergies to provide holistic solutions for FPO needs, including working capital, inputs, infrastructure support, and critical market linkages,” Anil Kumar SG, CEO of Samunnati, said.

Prior to leading Kamatan, Sharma spent an estimated three decades with the country’s civil services, and had served as secretary, agriculture in the Madhya Pradesh government, and as managing director of the Small Farmers’ Agribusiness Consortium of the government of India.

Related posts

Conservation group says regulatory gaps in Canadian seafood supply chain pose threat


Supply Chain Accountability Has the Power to Place Business at the Forefront of a Sustainable Future | Supply Chain Management


Global Collaboration Important for Long-term Resolution on Supply Chain Concerns : Broadband Breakfast