Debt financing
Agri warehousing co. Arya.ag raises $30-M from HSBC
Noida-based integrated grain commerce platform Arya.ag has attracted USD 30 million debt in collaboration with HSBC and GuarantCo, a financial institution under the Private Infrastructure Development Group (PIDG). GuarantCo provided two partial guarantees to HSBC India for the loan.The funds will be used by the company for warehouse receipt financing and bridging payment gaps between farmers and buyers. This is also GuarantCo’s first transaction in the agritech space in India.Founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, Arya.ag has three verticals: Arya Collateral, Aryadhan, and Aryatech. Arya Collateral offers warehousing storage facilities, the core business of the company.
Between Dec-16 and Oct-24, Arya collateral had raised about USD 121 M from Lightrock India, Omnivore Partners, Quona Capital, Asia Impact, Blue Earth Capital and others. This excludes the 20 M debt funding raised from DFC, Stride Ventures and others.
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