Arya.ag is an agritech startup that secured $29 million from its existing investors. This marks the first  round of investment for this startup since 2022. The company plans to use these fresh proceeds to  scale operations, expand its network, enhance its platform, and optimize its supply chain. The startup  will focus on strengthening and growing towards an efficient food supply chain. 

The board at the company approved a special resolution to allot 53,695 CCPS for an issue price of Rs  45,137 per CCP to raise $29.2 million. The agritech startup secured around Rs 134.46 crore from its  existing investors including Asia Impact and Quona Capital through Accion Quona and Quona Blue  Earth. The startup data intelligence, the kredible estimated the post-allotment valuation of the firm at  $325 million. The valuation may increase with more funds raised. The Noida-based startup has secured  $110 million since its inception including $0 million raised during a series C funding round led by  Lightrock, Asia Impact SA, and Quona Capital. Inc42 reported. 

Arya.ag offers an e-commerce platform that connects buyers with agri sellers. The platform provides  various services including debt for farmers through third-party lenders and warehousing services. The  kredible mentioned Lightrock as the largest stakeholder with 17.89 percent stake owned after this  round. The investment will help this agritech startup move towards a market expansion and help the  startup achieve its vision of strengthening agriculture value chains through its integrated services. This  startup offers several agriculture-related products. The Arya.ag is India’s largest integrated gain  commerce platform. 

The startup claims to offer quantity and quality agri products at an affordable price. The company  reported a profit and a 9.48% y-o-y increase in its scale to Rs 290 crore in FY23. The profit increased  by 11 times to Rs 7.50 in the same duration. The net revenue also increased to Rs 360 crore for this  fiscal year with a net profit of Rs 17 crore in FY24. This agritech startup faces competition from other  companies including Ninjacart, Bijak, and DeHaat, among others. The Indian Agritech sector is growing  continuously with increased interest of investors in this sector.  

Conclusion: 

An integrated gain platform providing agritech startup Arya.ag secured $29 million from its existing  investors. This was the first round of investment for the firm since 2022. The company intends to use  this fresh capital to scale operations, expand in the market, enhance its platform, and optimize its  supply chain. The startup aims to use a portion of this investment to strengthen its market presence  and grow towards an efficient food supply chain. The company passed a special resolution to allot  53,695 CCPS for an issue price of Rs 45,137 per CCP to raise $29.2 million. Arya.ag offers an e commerce platform to connect buyers with agri producers. The platform provides services including  debt for farmers through third-party lenders and warehousing services. The investment came just after  the agritech market was growing in India and showed increased interest from investors in the sector.