Arya.ag, a Noida-based grain trading platform focused on the agricultural sector, received $19.8 million debt Credit guarantee from the United States International Development Finance Corporation (DFC).
The funds are allocated to AryaTech, the agricultural trading subsidiary of Arya.ag, to support its efforts to connect farmers and farmer-producer organizations (FPOs) with buyers, expanding its ability to reach a broader market .
The development comes almost four months after raised Rs 242.36 crore (approximately $29.2 million) in financing led by existing investors, including Asia Impact and Quona Capital, through Quona Blue Earth and Accion Quona.
Improve market linkages for farmers and FPOs
With this new financial backing, Arya.ag aims to strengthen its market linkage capabilities, providing farmers and FPOs with a secure and transparent platform to interact with buyers across India.
The company has designed an end-to-end service model that encompasses storage, financing and market access directly from the farm.
This setup aims to reduce agricultural waste, improve payment security, and make transactions more transparent, aligning with DFC’s goal of supporting economic development in underserved regions.
Commenting on the transaction, DFC Vice President of Healthcare and Agribusiness James Polan said: “DFC is pleased to support AryaTech in the expansion of its growing agtech platform that connects smallholder farmers and agricultural producer organizations with buyers in neglected regions of India. “This transaction aligns with our objective of supporting economic growth and prosperity in communities across India.”
Arya.ag’s growing presence across India
Currently, Arya.ag operates in 60% of India’s districts, with a warehouse network of over 12,000 locations, where it uses technology such as IoT, computer vision and blockchain to manage inventory and reduce operational risks.
The startup claims to store grains worth $3 billion annually and have facilitated more than $1.5 billion in loan disbursements to smallholder farmers and other agriculture sector stakeholders.
Prasanna Rao, Co-Founder and CEO, Arya.ag, said: “This commitment by DFC represents a major milestone in our mission to transform India’s grain trading ecosystem. The facility will enable us to connect more farmers and FPOs with buyers. , creating a “A more efficient and inclusive agricultural market. “This aligns perfectly with our proven business model which has already demonstrated profitability while driving significant impact across the sector.”
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.