Noida-based startup Arya.ag has raised $80.58 million (around ₹725 crore) in its Series D funding round from GEF Capital Partners.
Most of this money (about 70%) came from new shares issued by the company, while the remaining amount came from some old investors who sold part of their shares. This was shared by the company’s cofounder and executive director Anand Chandra.
Arya.ag will use this funding to connect with more farmers, improve its technology, and develop new products faster. The company also plans to work on reducing crop losses after harvest and making digital tools more easily available to farmers, so agriculture becomes more efficient and profitable.
“We will use these funds to propagate climate-resilient smart agriculture, setting up smart farm centres, increase penetration in various geographies, and any strategic acquisitions we may come across,” Chandra said.
Prasanna Rao, Cofounder and CEO of Arya.ag, said the investment reinforces the company’s belief in building integrated solutions that address structural challenges faced by farmers. “This investment validates our approach of building integrated solutions that address the real challenges faced by India’s farming community,” Rao said. He also added that GEF Capital shares Arya’s focus on creating equitable agricultural value chains by reducing exposure to climate and market risks.
Arya.ag was started in 2013 by Anand Chandra, Prasanna Rao, and Chattanathan Devarajan. The company helps farmers use technology in their daily farming work. It also gives guidance about before and after harvesting, market price changes, and weather-related problems.
Arya.ag provides grain storage facilities through a large network of about 12,000 rented warehouses across the country. This number is planned to grow to 15,000 warehouses this year.
The startup also helps farmers and farm workers by offering loans and credit support, making it easier for them to manage their farming expenses.
Every year, Arya.ag stores grains worth about $3 billion. It also gives around $1.5 billion in secured loans to small farmers and farmer groups by using their stored crops as collateral.
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