Ag-tech firm Arya raises $21 million from Quona Capital and existing investors

Agri-tect begin-up Arya has raised $21 million (₹154 crore) in B series fairness and debt funding. The fairness spherical was led by Quona Cash, a enterprise company centered on fintech in emerging markets, along with present investors LGT Lightstone Aspada and Omnivore, the company explained in a assertion.

A number of creditors participated in delivering additional debt funding to the company. The new funding will be utilised to broaden funding to farmers by Arya’s embedded fintech arm, Aryadhan, and to improve its digital post-harvest services and current market linkages platform, a2zgodaam.com

Arya delivers digital alternatives for storage, processing, funding, and current market linkages and its consumers involve farmers, farmer producer organisations (FPOs), economic institutions, SME agri processors, commodity traders and company agri-business properties.

Arya statements that it aids farmers realise much better value for their develop by village level commodity storage, integrated funding, and current market linkage services to create much better selections for commodity income.

“Of the foodstuff grains really worth $a hundred thirty billion made by India every year, there are big losses in primary and secondary markets because of to lack of storage, forcing farmers to offer off-cycle for decrease returns,” explained Arya’s Co-Founder and CEO, Prasanna Rao. “These very same farmers are dependent on funding for their cash move requirements but are vastly underserved, hurting their skill to keep and offer their develop optimally. Arya’s digital resolution pairs warehousing with funding and vital current market linkage services to help smallholder farmers thrive.”

“Arya is addressing a vastly underserved current market of farmers in India, half of whom earlier had minor entry to post-harvest finance,” explained Ganesh Rengaswamy, Co-founder and Husband or wife at Quona Cash. “We imagine Arya’s special tactic, delivering a comprehensive-support digital platform with embedded finance and differentiated efficiencies for small farm holders, will travel the long run of farming in India.”

As part of the financial commitment, Varun Malhotra, Principal at Quona Cash, will join the Board of Arya. Expenditure lender IndigoEdge was the exceptional advisor on the offer.