Delhi NCR-based agritech startup Arya.ag has announced a fresh funding round, securing $29 million (approximately INR 242 crore). The investment, as revealed in regulatory filings and sourced by Inc42, marks the startup’s pre-Series D round.
Key Details of the Funding Round
The funding is spearheaded by Switzerland-based impact investment firm Blue Earth Capital, a new investor in Arya.ag. Existing investors Asia Impact SA and Quona Capital are also participating. There are indications that Arya.ag may secure additional funds within this round. The current valuation of Arya.ag stands at INR 2,400 crore.
Strategic Moves and Future Plans
Apart from the equity funding, Arya.ag is preparing for a debt funding round and is eyeing a larger Series D round by year-end.
Despite multiple attempts, Arya.ag has not provided a detailed response before the publication of this article. This funding round follows the $60 million Series C raised over two years ago from investors including Luxembourg-based Asia Impact SA, Lightrock India, and Quona Capital, which valued Arya.ag at INR 2,200 crore.
Evolution and Growth of Arya.ag
Founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, Arya.ag operates across three verticals: Arya Collateral, Aryadhan, and Aryatech. Arya Collateral, the startup’s core business, offers warehousing storage facilities and claims to store grains worth around $3 billion annually.
Launched in 2017, Aryadhan provides agriculture loans against commodities, partnering with banks and digital lenders to disburse loans worth $1.5 billion to small-holder farmers and other stakeholders. In 2021, Aryatech was introduced as an online marketplace for trading food grains.
Financial Performance
Sources reveal that Arya.ag reported a profit of INR 17 crore in the financial year 2023-24 on a revenue of INR 360 crore, showing a significant increase from the INR 7.5 crore profit and INR 290 crore revenue in FY23. Overall, Arya.ag has raised over $100 million to date.
- What are your thoughts on Arya.ag’s strategic moves in the agritech sector?
- How do you see the impact of this funding round on the future of agritech in India?
- Do you believe Arya.ag’s approach to combining warehousing, fintech, and marketplace solutions is effective?
- What other innovations do you think could benefit the agritech sector?
