Agritech startup Arya.ag raises Rs 242 crore in pre-series D funding round | Start Ups

By Start Ups

The platform integrates warehouse discovery, farmgate-level storage, finance and market linkages, providing a comprehensive solution across the entire value chain while addressing market inefficiencies. (Photo: X@ANI)


Agritech startup Arya.ag on Wednesday said it has raised USD 29 million (Rs 242 crore) in a funding round from investors to expand its business.


The company, an integrated grain commerce platform, said in a statement that the amount was raised in a Pre-Series D funding round, led by Switzerland-based investment firm Blue Earth Capital.


The round also included participation from existing investors Asia Impact and Quona Capital.

 


“Arya.ag plans to utilise the Pre-Series D funds to gain market share and improve its profitability,” the company said.


The company posted a profit of Rs 17 crore over revenue of Rs 360 crore in 2023-24. It saw a profit growth of over 36 per cent compared to FY23.


Arya.ag offers an agri-commerce platform that seamlessly connects sellers and buyers of agriproducts to facilitate and streamline commerce, driving efficiencies and reducing waste.


The platform integrates warehouse discovery, farmgate-level storage, finance and market linkages, providing a comprehensive solution across the entire value chain while addressing market inefficiencies.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jul 10 2024 | 5:48 PM IST

Source: Start Ups