Kheyti, Samunnati to provide loans for greenhouse-in-a-box to farmers

Date:07-19-2021

The business of farming is highly unpredictable and dependable on various external factors. In order to provide a stable income to farmers, Sathya Raghu co-founded Kheyti wherein they provide greenhouse-based kits to farmers. And extending this concept further, the Hyderabad-based company Kheyti is partnering with Samunnati to deliver these micro greenhouses called Kheyti Rakshak to over one lakh farmers.

To start off with, the partnership will provide the kits to over 100 farmers across Telangana and Karnataka and eventually expand it to one lakh farmers in the next 4-5 years. Under this partnership potentially $150 million (approximately Rs 1,000 crore) will be deployed by Samunnati to make this model reach 1 lakh smallholders.

Raghu, co-founder and president, Kheyti, said, “By collaborating with Samunnati, we unlocked capital to reach 100,000 farmers. Now, we intend to partner with relevant farmer focused organizations across India and the world.”

Kheyti helps smallholder farmers battle climate change through the greenhouse-in-a-box, a low-cost greenhouse bundled with end-to-end services and it helps the farmers grow quality vegetables even in off seasons. Meanwhile, Samunnati will offer farmers loans to purchase the Kheyti Rakshak kits, which are 80 per cent less expensive compared to other alternatives in the market. The kits fits in 2 per cent of their land and costs 90 per cent less than regular greenhouses and protects crops from environmental risks.

Anilkumar SG, CEO and founder, Samunnati, said, “We are excited about our collaboration with Kheyti and together we look forward to bringing the benefits of innovative agri solutions to the smallholder farmers across India.”