Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, has raised ₹387 crore ($55 million) in a Series D round led by Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA), a senior executive said in an interview.
— Mint
IndusLaw advised
Also advising was Kotak Mahindra Capital Company Limited as investment bankers.
Nishith Desai Associates advised
Indus had acted on Samunnati’s 2018 Series C of $24m for Elevar, with the company having been represented by Samvad Partners back then. Khaitan & Co had represented responsAbility Investments in that round.
2019-05-28
Deal value: Publically disclosed as USD 55 million
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