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Home Technology Agritech start-up Arya.ag raises $60 million in series-C funding round

Agritech start-up Arya.ag raises $60 million in series-C funding round

The agritech start-up, founded in 2013 by Chattanathan Devarajan, Prasanna Rao and Chandra, enables farmgate storage and provides warehousing and finance solutions to farmers among other things

Led by Asia Impact SA, Lightrock India and Quona Capital, agritech firm Arya.ag has raised $60 million in its series-C round.

The post-money valuation of the company has touched $300 million.

The capital will be used in expanding warehouses, strengthening employee base and enhancing technology, according to the Noida-based agritech start-up.

The agritech start-up, founded in 2013 by Chattanathan Devarajan, Prasanna Rao and Chandra, enables farmgate storage and provides warehousing and finance solutions to farmers among other things. Soon the company also plans to start offering logistics and insurance as well.

It currently claims to manage over three million metric tons of agri commodities across 21 states in India and is facilitating finance of over $700 million annually.

It had raised $21 million as a part of its series-B funding round in December 2020.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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