PE Fund Investments
Agri-tech platform Arya raises $60-M in debt & equity from Asia Impact, DFC, others
Noida-based integrated grain commerce platform Arya.org (promoted by Arya Collateral Warehousing Services Pvt Ltd) has closed its Series C round, having raised USD 60 million in a mix of equity and debt. The equity round was led by Asia Impact SA, Lightrock India and Quona Capital. The agritech platform also raised debt financing from the US International Development Finance Corporation (DFC) among others. Arya.ag has been valued at $300 million in this funding round, which is a 5X jump from its previous valuation. Asia Impact received legal advice from Shardul Amarchand Mangaldas & Co. Setuka Partners was the advisor on the debt funding from DFC. The company connects sellers and buyers of agriproduce, providing complete assurance on quantity, quality and payments.
From the Venture Intelligence PE-VC Deal Database: Between Dec-16 and Dec-20, Arya Collateral had raised over $30-M from Stride Ventures, Quona Capital, Lightrock India, Omnivore Partners, YourNest and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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