[Funding News] Agritech Startup Arya.ag Secures $29 Mn Funding Round

Agritech startup Arya.ag has secured an estimated Rs 242.36 crore ($29.2 million) in funding from its current investors. It is the organization's initial investment round since January 2022, which is situated in Noida.

The board of Arya.ag has passed a special resolution to issue 53,695 CCPS at an issue price of Rs 45,137 each in order to raise the aforementioned sum of $29.2 million.

The company has received Rs 134.46 crore from its previous investors, Asia Impact and Quona Capital, through Quona Blue Earth and Accion Quona.

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Arya.ag has raised approximately $110 million to date, with $60 million of that amount coming from a Series C round in 2022 that was led by Asia Impact SA, Lightrock, and Quona Capital.

Arya.ag is a grain commerce platform that facilitates the exchange of information between consumers and agri producers (sellers). It offers producers ancillary services, such as debt and warehousing, through third-party lenders.

About Arya.ag

Founded in 1982 by Prasanna Rao, Arya is India’s leading Agritech which has been working at the farmgate to strengthen agriculture value chains through its integrated range of services. Driving technology through a human-centered approach, Arya’s Agritech and Fintech platform leverages technology to bridge the Last Mile.

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