Agritech startup Arya.ag has raised $30 million (approximately INR 259.4 crore) in debt funding from HSBC, a leading financial services provider.
The funding comes with a guarantee from GuarantCo, a financial institution under the Private Infrastructure Development Group (PIDG).
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The venture will use the funds to give small agribusinesses, farmer producing organizations (FPOs), and farmers post-harvest financing.
Arya.ag operates across three core verticals: Arya Collateral, Aryadhan, and Aryatech. The Mumbai-based agritech startup claims to engage with approximately one million farmers associated with 800 Farmer Producer Organizations (FPOs).
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On the supply side, it collaborates with over 5,000 aggregators, while on the demand side, it connects with around 2,000 millers and major corporations through its platform.
About Arya.ag
Arya.ag, established in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, is a grain commerce platform providing storage solutions to farmers and agricultural organizations.
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The platform empowers farmers to decide when and to whom they wish to sell their produce post-harvest, ensuring they have more control over the timing and pricing of their crops. Arya.ag plays a key role in streamlining the agricultural supply chain, connecting farmers with buyers and enabling better market access.