Agritech is a rapid evolving sector in India and Noida-based grain commerce platform Arya.ag is lately make waves. It has emerged as a beacon of innovation and growth as well in the landscape. It has successfully secured $29.2 million in funding from existing investors. Its current valuation now has been moved upward to $325 million. It is the first funding round for the company since January 2022. The new capital highlights its sustained appeal and robust business model.
The infusion of fresh capital was approved through a special resolution to issue 53,695 CCPS at Rs 45,137 each. The funding simultaneously highlights confidence of its investors in the future prospects in the agriculture sector. Asia Impact and Quona Capital led the round and contributed Rs 134.46 crore. The two are its prominent investors.
Arya.ag has accumulated a total funding of about $110 million and it includes the significant $60 million Series C round in 2022. The consistent financial backing has been instrumental in the company’s expansive growth as well as technological advancements.
The unique business model of Arya.ag bridges the gap between agricultural producers and buyers. The platform offers essential services such as warehousing and debt facilitation through third-party lenders. The approach enhances operational efficiency and simultaneously empowers farmers with financial stability as well as market access.
Arya.ag posted a remarkable profit in the fiscal year ending March 2023. Its gross scale moved up by 49.48% year-on-year and reached to Rs 290 crore. Its profit graph too moved northward by 11-fold to Rs 7.58 crore. The same continued into FY24. The net revenue climbed to Rs 360 crore and net profit to Rs 17 crore.
