Agritech firm Arya.ag has made a prominent contribution to agritech. Recently, the company raised $29 million in pre-series D funding – led by Switzerland-based Blue Earth Capital. Quona Capital and Asia Impact had active participation – in funding.
According to a report, the company will use these funds to enhance its profitability, market share, and strategic initiatives like – deployment of satellite technology and farm productivity improvement. Further, the company will use these funds to foster farm transparency and reduce waste.
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On this significant move, Prasanna Rao, Arya.ag’s CEO and Co-Founder said, “The investment will help accelerate the company’s growth trajectory. With the funds – the company plans to expand its reach and serve more buyers and farmers. He also stated that they are moving to innovative offerings to strengthen their position as one of the significant platforms of agri-commerce”.
Arya.ag is not a new name in the industry and has made a place in agritech. It is a grain commerce platform that allows farmers to make the final decision on selling. The company allows them to decide ‘where’ and to ‘whom’ they would like to sell their products post-harvest. The company offers simple access to seamless finance, transparent commerce, and farmgate-level storage.
Further, Arya.ag’s scope of services stretches across more than 50% of Indian states. Roughly, it covers 11,000 agri warehouses. The company also claims aggregate and stores 3 billion of grain annually. Also, it enables the disbursement of $1.5 billion in loans to small-time farmers and stakeholders.
Arya. ag’s body of work is phenomenal. Over the past few years, the company has had farmers, climate champions, and FPOs optimize resource allocation, build credible trust, and minimize adverse environmental impacts. With climate-induced stress in agriculture taking center stage, the company has made its contribution to controlling the same with its offerings. The future of agritech looks bright with Arya. ag’s initiatives.
Rohan Ghose, Director of Private Equity Partnerships at Blue Earth Capital, also said in a press statement that the company hopes to strengthen the agri network and create value for stakeholders and farmers in the agricultural ecosystem.
