Arya.ag, an Agritech startup has secured Rs 242.36 crore approximately from existing investors. This is the first round of investment for the Noida-based company in 2024.

The board Arya.ag has passed a special resolution to issue 53,695 CCPS at an issue price of Rs 45,137 each to raise the aforementioned sum ($29.2 million), its regulatory filing accessed from the RoC shows.

The company has received Rs 134.46 crore from earlier investors: Asia Impact and Quona Capital through Quona Blue Earth and Accion Quona. 

Arya.ag has raised around $110 million to date including $60 million in Series C round backed by Asia Impact SA, Lightrock, and Quona Capital in 2022.

Arya.ag | An Agritech startup

Arya.ag is a grain commerce platform that connects agri producers and buyers. It offers ancillary services which includes the warehousing and debt to farmers via third party lenders.

Just like other startups, Arya.ag posted profit during the fiscal ending March 2023. While the company’s gross scale grew 49.48% year-on-year to Rs 290 crore in FY23, its profit ballooned 11X to Rs 7.58 crore in the same period.

Arya.ag has a direct competition with DeHaat, Ninjacart, and Bijak, among others. 

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