Tuesday
December 15
2020

Arya Raises $21 Million to Provide Farmers in India Finance and Post-Harvest Services

By Manish Singh

Only about a third of the yields Indian farmers produce reaches the big markets. Those whose produce makes it there today are able to leverage post-harvest services. Everyone else is missing out.

A Noida-based startup is working with all the stakeholders — farmers, food processors, traders and financial institutions — to bridge this post-harvest services gap — and it just secured new funds to continue its journey.

Seven-year-old Arya said on Tuesday it has raised $21 million in its Series B financing round. The round was led by Quona Capital, a venture firm that focuses on fintech in emerging markets. Existing investors LGT Lightstone Aspada and Omnivore also participated in the round, while multiple unnamed lenders are providing additional debt financing to the startup, Arya said.

Photo courtesy of WBK Photography.

Source: TechCrunch (link opens in a new window)

Categories
Agriculture, Technology
Tags
agriculture, emerging markets, fintech, smallholder farmers, startups, supply chain