The company will also use the funding to start partnerships to improve Package of Practices (PoP) on-farm and measures to reduce food loss across the supply chain.
Arya.ag announced that it has raised $29 million in a Pre-Series D funding round. The round was led by Switzerland-based investment firm Blue Earth Capital, a new investor in Arya, in partnership with Quona Capital. The round also included participation from existing investors Asia Impact and Quona Capital.
The Pre-Series D funding will be used by Arya.ag to increase its market share and profitability. The implementation of satellite technology for increased agricultural production, decreased waste, and more transparency and visibility throughout the value chain is one of the Group's major strategic priorities.
The company will also use the funding to start partnerships to improve Package of Practices (PoP) on-farm and measures to reduce food loss across the supply chain.
Arya.ag claims to be the only Indian agritech platform at scale to report a profit of Rs 17 crore over revenue of Rs 360 crore in FY24. The company saw a profit growth of over 36 per cent compared to FY23.
Arya.ag offers a comprehensive agri-commerce platform that connects sellers and buyers of agriproducts to facilitate and streamline commerce. The platform integrates warehouse discovery, farmgate-level storage, finance and market linkages, providing a comprehensive solution across the entire value chain while addressing market inefficiencies.
Prasanna Rao, Arya.ag’s CEO and Co-founder, stated, "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."
The company intends to impact over 10 million farmers by empowering them to sell their produce at the right time and to the right buyer in the next 3-4 years. It will facilitate over $3 billion in agri-loans, and create commerce linkages of over $4 billion while increasing its storage footprint by over 4X by 2028. Setuka Partners served as the strategic advisor for this equity round.