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India’s Arya Raises $60 Million To Provide Farmers With Finance And Post-Harvest Services

Jan 17, 2022•over 3 years ago

Amount Raised

$60 Million

Description

Indian agritech startup Arya, which reaches hundreds of thousands of farmers in the South Asian market and helps them store and sell their produce and secure credit, has raised $60 million in a new financing round as it enters a new phase of growth.

Company Information

Company

Arya

About

By making these warehouses available to farmers near their farms, the startup has made it possible for them to be able to store their produce for the first time. This is how we are able to establish a connect between the buyer and seller,” he said, adding that the startup has visibility into grains worth over $2 billion on its platform. The startup has devised a level of sophistication that it is able to spin up a new warehouse within two days in any region they are required, he said. The $18 million it has raised as debt in the new round is meant to provide credit to the farmers who financial institutions don’t find credit-worthy, he said, adding that in the past one year, the startup has grown its financing book by three times.

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