Arya is an online platform that connects grain growers with buyers and has raised $19.8 million in commitment from the United States International Development Finance Corporation. The firm guaranteed a debt facility for Aryatech, an agri-commerce subsidiary. After this development, Arya became the first agritech startup to get close to securing two funding rounds this year. The startup plans to use these fresh proceeds to scale its operations, enhance its platform, improve its transaction transparency, and develop a market presence.
The startup intends to use some of this investment to increase the firm’s capacity to connect farmers and FPOs with buyers nationwide, improve production capability, and ensure payment safety. The company provides several solutions for agribusiness, including warehousing management, embedded finance, and storage. The startup provides an agritech startup that offers farming solutions, distribution solutions, and market linkage to agri-producers and buyers through its online platform. T
The Noida-based startup has secured $112 million across multiple funding rounds since its inception, including the $29 million raised during the Series C funding round from Impact Asia, Blue Earth Capital, and other investors. Arya operates in around 60 percent of India’s districts and manages 11,000 agri-warehouses. The startup claims to store and aggregate 3 billion USD worth of grain per year while disbursing over $1.5 billion in loans to FPOs, smallholder farmers, and other stakeholders. Entrackr reported the development first.
The company will use some of this fundraising to expand its operations and strengthen its position in the agritech sector. The development came just after the startup raised $29 million in the equity funding round. Arya faces competition from other agritech startups including Waycool, Ninjacart, and DeHaat. This investment shows investor’s trust in Arya’s market potential and business model.
Arya reported a 49.48 percent YoY increase in its gross scale to Rs 290 crore in FY23. However, the profit also increased by 11 times to Rs 7.58 crore in the same duration. The startup reached a net revenue of Rs 360 crore in FY24 and turned profitable. The net profit stood at Rs 17 crore in this financial year. The development came when the Indian Agritech sector saw a decline in investor interest. The startup data intelligence platform the kredible, mentioned that the agritech sector faced challenges in securing venture capital in larger funding rounds. The agritech startups have raised around $170 million across 30+ deals in 2024 so far.
Conclusion :
Arya is an online platform for connecting grain growers and buyers that secured a 19.8 million USD debt commitment. The firm raised this amount from the United States International Development Finance Corporation to guarantee a debt facility for its e-commerce subsidiary, Aryatech. The company offers an online platform that connects farmers directly to customers.
The startup intends to use this fresh capital to strengthen the platform, ensure payment safety, and develop its market presence. The company claims to have secured around 112 million USD across multiple funding rounds since its inception. The funding round came between the time when the agritech sector faced challenges in fundraising on large rounds.
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