July 10, 2024: arya.ag, claimed to be India’s Largest Integrated Grain Commerce Platform has successfully secured $29 million in Pre-Series D funding to increase its market share, profitability, and growth initiatives, further implement satellite technology to augment farm productivity, reducing waste, and promoting farm transparency.
Explaining the purpose behind this new funding round Prasanna Rao, Arya.ag’s CEO and Co-Founder said “This investment will help accelerate our growth trajectory. With these funds, we plan to expand our reach, serve more farmers and buyers, and introduce innovative offerings to strengthen our position as India’s most trusted agri-commerce platform.”
Arya.ag empowers farmers with its platform
Arya.ag facilitates farmers and their organisations to determine ‘when’ and ‘to whom’ they would want to market their produce post-harvest, by giving access to farmgate-level storage, seamless finance and transparent commerce. Its scope of services is served across 60% of Indian districts, encompasing over 11,000 agri-warehouses.
Arya.ag mentioned it aggregates and stores $3 billion of grain annually while enabling disbursement of over $1.5 billion of loans to small-holder farmers, their organisations and other stakeholders.
“Arya.ag’s work with farmers, FPOs and ‘climate champions’ to build trust, optimise resource allocation, and minimise adverse environmental impacts has been extremely impactful, especially in the face of climate-induced stress in agriculture. We hope that together we can strengthen these networks and create value for all stakeholders in the agricultural ecosystem,” Rohan Ghose, Director of Private Equity Partnerships at Blue Earth Capital, said.
The funding was led by Switzeriand-based Blue Earth Capital, with participation from Asia Impact and Quona Capital.
