Founder & Managing Partner
Hari
Rajagopal
Founder & Managing Partner, Yukti Capital

17 years navigating the intersection of agricultural finance, blended finance, impact finance, and sustainable and climate finance — building the structures, relationships, and frameworks that move capital into India's most critical sectors.

HR
17+
Years in development & structured finance
₹2500Cr+
Capital structured and deployed
4
Focus sectors in India's development economy
About Hari

17 Years at the Frontier of Impact Capital

Hari Rajagopal is a financial services professional with over 17 years of experience at the intersection of agricultural finance, blended finance, impact finance, and sustainable and climate finance. He founded Yukti Capital with a clear conviction: that India's development financing challenge is not a shortage of intent, but a shortage of structured pathways to deploy it.

Hari's career spans the full capital spectrum — from DFIs, multilaterals, and philanthropies to commercial banks, NBFCs, and impact funds. He understands the incentives, constraints, and mandates of every seat at the blended finance table, and has operated from most of them.

His expertise covers investment in the innovation and impact sector, raising resources across instruments — debt, equity, quasi-debt, credit guarantees and technical assistance — and building non-linear funding partnerships including securitisation, direct assignment, co-lending and business correspondent channels. He has structured innovative financial instruments that expand the universe of deployable capital, and developed portfolio management strategy and reporting for programmes around Climate Finance, Impact, Sustainability and ESG.

Before Yukti Capital, Hari served as Group Treasurer and Head of Strategic Alliances at Samunnati — India's pioneering agriculture value chain finance institution — where he managed a group treasury of ~USD 250 Mn, raised USD 175 Mn from 9 international lenders, and participated in 5 blended finance programmes totalling USD 35 Mn. Prior to that, he spent eight years at Rabobank, including as Manager of the India Portfolio at Rabobank Foundation, where he ran one of India's largest credit guarantee programmes focused on upstream agri finance.

Career Timeline
2026–
Present
Founder & Managing Partner
Yukti Capital — Impact Advisory & Finance

Founded Yukti Capital to build India's blended finance execution capacity — structuring, aligning, and deploying catalytic capital across Climate, Financial Inclusion, MSMEs, and Livelihoods.

Oct 2024–
Jul 2025
Venture Partner
The Blended Finance Company

Supported this specialised investment bank for the impact space on blended finance strategy and products — including a skill finance facility, a Livelihood Recovery and Resilience Fund, and a scale-up facility for farmer cooperatives and micro-agri-entrepreneurs.

Oct 2023–
Present
Impact Finance Specialist (Consultant) & Independent Advisor
Rabo Foundation & Multiple Advisory Mandates

Managing Rabo Foundation's India portfolio across credit guarantees, term debt, and technical assistance in agri-finance, dairy, MSME, aquaculture, and agro-forestry. Concurrently advising on blended finance strategy for Singapore-based venture builders, agri-tech VC funds, and leading impact finance providers in India and South East Asia.

Jul 2018–
Apr 2023
Group Treasurer & Head — Strategic Alliances
Samunnati Financial Intermediation & Services, Chennai / Delhi / Bangalore

Managed group treasury of ~USD 250 Mn across two entities. Raised USD 175 Mn from 9 international lenders and USD 150 Mn from 25 domestic lenders. Participated in 5 blended finance programmes totalling USD 35 Mn across climate, gender, agro-forestry, and food-loss sectors. Led India's first green bond in agriculture (2021–22). Established Samunnati's ESG Framework and Climate Smart Agriculture strategy.

Jul 2010–
Jun 2018
Asst. Vice President — Rabobank Foundation & Corporate Banking
Rabobank, Gurugram / Mumbai

Manager for India Portfolio at Rabobank Foundation (~38 projects, EUR 8 Mn outlay). Ran India's largest credit guarantee programme for upstream agri finance. Relationship Manager for Food & Agribusiness corporates in North & East India — portfolio of ~USD 275 Mn across 9 relationships. Also supported global projects in East Africa and South East Asia.

Jun 2008–
Jun 2010
Associate — Corporate Banking Group
ICICI Bank, New Delhi

End-to-end credit proposal execution — sourcing, appraisal, sanction, documentation and post-sanction monitoring across diverse structured lending transactions including acquisition finance, overseas refinance, and capex funding.

Areas of Expertise
Blended finance structuring & transaction execution
Credit guarantees & risk participation instruments
Agricultural & value chain finance
Fundraising: debt, equity, quasi-debt & technical assistance
Securitisation, co-lending & direct assignment
Climate & green finance structuring
ESG & impact portfolio management & reporting
DFI, multilateral & philanthropic partnerships
MSME credit & financial inclusion

Education & Qualifications

MBA — International Business (Finance specialisation)
Indian Institute of Foreign Trade (IIFT), New Delhi — 2006–2008
B.A. (Hons.) Economics
Kirori Mal College, Delhi University — 2003–2006
Diplôme de langue française
Alliance Française de Paris — 2005
Connect Directly

For partnership enquiries, mandates, or a conversation about blended finance in India — Hari welcomes direct outreach.

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Founding Philosophy
"The capital gap in India's development sectors is not primarily a supply problem. It is a structure problem. There is capital available — what is missing is the architecture to deploy it at scale."
Hari Rajagopal — Founder & Managing Partner, Yukti Capital
Work Together

Ready to Start a Conversation?

Whether you are deploying capital, seeking it, or simply want to explore what blended finance can achieve — Hari would like to hear from you.

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