Arya.ag is an agritech startup that secured $29 million from its existing investors. This marks the first round of investment for this startup since 2022. The company plans to use these fresh proceeds to scale operations, expand its network, enhance its platform, and optimize its supply chain. The startup will focus on strengthening and growing towards an efficient food supply chain.
The board at the company approved a special resolution to allot 53,695 CCPS for an issue price of Rs 45,137 per CCP to raise $29.2 million. The agritech startup secured around Rs 134.46 crore from its existing investors including Asia Impact and Quona Capital through Accion Quona and Quona Blue Earth. The startup data intelligence, the kredible estimated the post-allotment valuation of the firm at $325 million. The valuation may increase with more funds raised. The Noida-based startup has secured $110 million since its inception including $0 million raised during a series C funding round led by Lightrock, Asia Impact SA, and Quona Capital. Inc42 reported.
Arya.ag offers an e-commerce platform that connects buyers with agri sellers. The platform provides various services including debt for farmers through third-party lenders and warehousing services. The kredible mentioned Lightrock as the largest stakeholder with 17.89 percent stake owned after this round. The investment will help this agritech startup move towards a market expansion and help the startup achieve its vision of strengthening agriculture value chains through its integrated services. This startup offers several agriculture-related products. The Arya.ag is India’s largest integrated gain commerce platform.
The startup claims to offer quantity and quality agri products at an affordable price. The company reported a profit and a 9.48% y-o-y increase in its scale to Rs 290 crore in FY23. The profit increased by 11 times to Rs 7.50 in the same duration. The net revenue also increased to Rs 360 crore for this fiscal year with a net profit of Rs 17 crore in FY24. This agritech startup faces competition from other companies including Ninjacart, Bijak, and DeHaat, among others. The Indian Agritech sector is growing continuously with increased interest of investors in this sector.
Conclusion:
An integrated gain platform providing agritech startup Arya.ag secured $29 million from its existing investors. This was the first round of investment for the firm since 2022. The company intends to use this fresh capital to scale operations, expand in the market, enhance its platform, and optimize its supply chain. The startup aims to use a portion of this investment to strengthen its market presence and grow towards an efficient food supply chain. The company passed a special resolution to allot 53,695 CCPS for an issue price of Rs 45,137 per CCP to raise $29.2 million. Arya.ag offers an e-commerce platform to connect buyers with agri producers. The platform provides services including debt for farmers through third-party lenders and warehousing services. The investment came just after the agritech market was growing in India and showed increased interest from investors in the sector.
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