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Grain commerce marketplace Arya.ag acquires agri data science startup Prakshep

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Noida-based integrated grain commerce platform Arya.ag has acquired Prakshep, a Bengaluru-based geospatial tech services startup. As part of the deal, Prakshep's entire team would join Arya.ag. With this acquisition, Arya.ag will bring AI/ML capabilities to farm digitisation, crop monitoring, quality assaying, and surveillance. It will also help Arya.ag to deepen its relationship with other agri-chain stakeholders like FPOs, processors and corporates, banks, and insurance companies. Arya.ag connects sellers and buyers of agri products, providing assurance on quantity, quality, and payments.

From the Venture Intelligence PE-VC Deal Database: In De-2017, Prakshep had attracted INR 3.25 Cr from Kalaari Capital (via the K Start program). (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)