Indian grain commerce platform raised $29 million in Pre-Series D funding led by Switzeriand-based Blue Earth Capital, with participation from Asia Impact and Quona Capital.
The funds will be used to enhance Arya.ag’s market share, profitability, and strategic initiatives, such as deploying satellite technology to improve farm productivity, reducing waste, and fostering farm transparency.
“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,” Prasanna Rao, Arya.ag’s CEO and Co-Founder said.
Arya.ag is a grain commerce platform that allows farmers and their organisations to decide ‘when’ and ‘to whom’ they would want to sell their produce post-harvest, by offering access to farmgate-level storage, seamless finance and transparent commerce.
Its scope of services currently stretches across 60% of Indian districts, covering over 11,000 agri-warehouses. Arya.ag claims it aggregates and stores $3 billion of grain annually while enabling disbursement of over $1.5 billion of loans to small-holder farmers, their organisations and other stakeholders.
“Arya.ag’s work with farmers, FPOs and ‘climate champions’ to build trust, optimise resource allocation, and minimise adverse environmental impacts has been extremely impactful, especially in the face of climate-induced stress in agriculture. We hope that together we can strengthen these networks and create value for all stakeholders in the agricultural ecosystem,” Rohan Ghose, Director of Private Equity Partnerships at Blue Earth Capital, said.
Edited by Jyoti Narayan
