Published On:October 29 2024
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Arya.ag Secures $19.8 Million Investment from US International Development Finance Corporation.
Arya.ag, a leading grain commerce platform, has secured a $19.8 million funding commitment from the US International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce arm, Aryatech. This funding aims to enhance market access for farmers and Farmer Producer Organizations (FPOs) nationwide by connecting them with buyers, ensuring secure payments and transparent transactions.
This latest funding follows a $29 million equity round raised by Arya.ag last quarter. Prasanna Rao, Co-founder and CEO of Arya.ag, commented, “This facility enables us to expand farmers’ and FPOs' reach to buyers beyond their traditional networks, fostering a more inclusive and efficient agricultural marketplace.”
Founded in 2013, Arya.ag provides end-to-end solutions in the agricultural supply chain, integrating warehouse discovery, farm-level storage, finance, and market linkages to reduce waste and drive efficiencies. The platform reported a profit before tax of ₹22 crore in FY24, highlighting its strong market presence and continued growth.
HBL