Debt

Debt financing

Agritech startup Arya.ag to raise $19.8 M from DFC

Financial Express  

Noida-based integrated grain commerce platform Arya.org has attracted USD 19.8 million commitment from United States International Development Finance Corporation (DFC) to guarantee a debt for its subsidiary Aryatech. The funding will be used by the company to expand its connectivity among farmers and Farmer Producer Organizations (FPO).Arya.ag connects the supply side of the Agri ecosystem with the demand side through various portfolios of agri-services. The company also provides post harvest credit to agri sellers. 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, which is the core business of the company.

Between Dec-16 and Jul-24, Arya Collateral had raised about USD 120.9 M from Blue Earth Capital, Asia Impact, Quona Capital, Lightrock India, Omnivore Partners, Others.This excludes the debt funding previously raised.For FY23, Arya Collateral had reported INR 290.28 Cr in Operating Income and INR 7.59 Cr in PAT.