Arya.ag is an agritech startup that offers an online platform for farmers that announced a 17.9 percent increase in its operational revenue to Rs 339.7 crore in FY24. The startup provides an online app-based platform that allows grain growers to connect with customers. These storage and warehousing services are the company’s primary source of revenue.
The firm also earned Rs 13 crore through non-operating services. Meanwhile, the interest income on the loan brought Rs 55.4 Crore to the total revenue. This cost increased by 27.2 percent for this financial year. The storage and warehousing service formed 64 percent of total revenue and crossed Rs 212.8 crore in FY24. These services pushed the operating revenue to Rs 352 crore in this fiscal year.
Arya has secured over 144 million USD across multiple funding rounds, including $19.8 million raised during its series C funding round from DFC and other investors. The company had a post-money valuation of 325 million USD. Arya offers an online grain commerce platform that uses advanced technologies to offer a seamless user experience.
The Noida-based startup uses advanced technologies to provide a seamless user experience. The online grain commerce platform provides customers with agri products. The cost of services accounted for 55.66 percent of the total expenses and increased in FY24. These costs saw a 3.1 percent increase and stood at Rs 183.9 crore in the same duration. The finance cost grew by 56.3 percent to Rs 60 crore while the employee benefit increased by 17.1 percent and stood at Rs 50 crore in FY24.
The firm saw a 16.1 percent increase in its total expenditure and crossed Rs 330.4 crore in this financial year. The startup reported a 150 percent growth in its profit, which stood at Rs 19 crore in the same duration. The company has institutional investors including Impact Asia, Aspada Investments, Monivore, and Quona. The firm reported current assets of Rs 1114 crore with a cash and bank balance of Rs 103 crore.
The EBITDA margin improved and stood at 25.30 percent in this financial year while the ROCE was around 14.87 percent in the same period. The agritech market has been increasing for the last few years. The agritech startup faces competition from agri-commerce platforms such as BigHaat, Grow Indigo, and Agrim.
Conclusion :
Arya.ag posted a 17.9 percent increase in revenue from operations to Rs 339.7 crore in FY24. This agritech startup offers an online platform that connects agriproduce sellers to buyers. The company earns its revenue through storage, warehousing, and interest income on loans. The startup posted a 150 percent increase in its profit to Rs 19 crore in FY24.
The total expenditure saw a 16.1 percent increase and crossed Rs 330.4 crore in the same duration. The employee benefits also grew by 17.1 percent and stood at Rs 50 crore in FY24. Arya.ag earned 62.64 percent of its revenue from storage and warehousing services. Arya faces competition from other agritech companies like BigHaat.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
Reach us: niraj@scoopearth.com
Linkedin Profile: https://www.linkedin.com/in/digitalnirajj/
Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.
0 Comments