Arya.ag
Category: AI in Agriculture
Arya.ag is a grain commerce platform connecting farmers and buyers, offering farmgate storage, financing, and transparent commerce solutions. Arya.ag was founded in 2013. The company is led by Prasanna Rao. Based in Noida, India, with operations across multiple districts.. Team size: 304. Total funding raised: Over $110 million.. Latest round: $29 million pre-Series D funding led by Blue Earth Capital, with participation from Asia Impact and Quona Capital. Additionally, a $19.8 million commitment from DFC for debt funding.. Key investors include Blue Earth Capital, Asia Impact, Quona Capital, US International Development Finance Corporation (DFC).
- Founded
- 2013
- Headquarters
- Noida, India, with operations across multiple districts.
- Team size
- 304
- Total funding
- Over $110 million.
Value proposition
Provides assurance on quantity, quality, and payments, enabling farmers to sell produce at their convenience.
Products and solutions
Arya Collateral, Aryadhan, Aryatech
Unique value
Arya.ag's focus on empowering farmers through storage, financing, and market access, addressing trust issues in grain trading.
Target customer
Smallholder farmers, Farmer Producer Organizations (FPOs), and buyers.
Industries served
Agriculture, Grain commerce
Technology advantage
Use of technology to facilitate transparent transactions and provide climate-resilient practices.
How they differentiate
Arya.ag focuses on grain commerce with a strong emphasis on storage and financing solutions.
Main competitors
AgroStar, DeHaat, Ninjacart
Key partnerships
responsAbility for climate-resilient agriculture, US International Development Finance Corporation (DFC)
Notable customers
Serves nearly one million smallholder farmers.
Major milestones
Handled 7 million metric tons of agricultural commodities Prevented half a million metric tons of food loss Operates in 60% of Indian districts
Growth metrics
Reported a profit of Rs 17 crore and revenue of Rs 360 crore in the financial year ended March 2024. Achieved a 77% growth in the last year.
Market positioning
Positioned as a leader in grain commerce, focusing on empowering farmers and reducing food loss.
Geographic focus
Primarily India, with operations across multiple districts.
Patents and IP
Not explicitly mentioned in the search results.
About Prasanna Rao
Prasanna Rao is the Co-Founder and CEO of Arya.ag. He has over 15 years of experience in the financial services and agribusiness sectors. He previously worked at SecurEyes and spent 8 years at ICICI Bank, where he headed the commodity-based financing business.
Official website: https://arya.ag/