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Agritech startup Arya.ag gets $19.8 Mn debt commitment from DFC

EntrackrEntrackr · 8m ago
Agritech startup Arya.ag gets $19.8 Mn debt commitment from DFC
Medial

Grain commerce platform Arya.ag has secured a $19.8 million commitment from the United States International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce subsidiary, Aryatech. Arya.ag has become the first agritech startup to get close to secure two financing rounds in 2024, following a $29 million equity raise in July. The new funds will bolster Arya.ag’s capacity to connect farmers and farmer producer organizations (FPOs) with buyers nationwide, ensuring payment security, transaction transparency, and better market access, as noted in the company’s press release. Arya.ag connects sellers and buyers of agricultural products, facilitating efficient commerce and reducing waste to benefit the entire market. By integrating warehouse discovery, farmgate-level storage, finance, and market linkages, the company offers an end-to-end solution that builds trust across the agricultural value chain. Currently operating in 60% of India’s districts, Arya.ag manages over 11,000 agri-warehouses and claims to aggregate and store $3 billion worth of grain annually, while facilitating the disbursement of over $1.5 billion in loans to smallholder farmers, FPOs, and other stakeholders. Arya.ag reported a profit for the fiscal year ending March 2023. The company’s gross scale grew by 49.48% year-on-year to Rs 290 crore in FY23, while its profit surged 11-fold to Rs 7.58 crore during the same period. According to the company, its net revenue rose to Rs 360 crore in FY24, with a net profit of Rs 17 crore. Arya.ag has yet to file its audited annual report for the last fiscal year. Arya.ag competes with companies like DeHaat, Ninjacart, and Bijak. Following a substantial fundraising boom in 2021 and 2022, agritech startups are now facing challenges in securing venture capital for larger funding rounds. Data compiled by TheKredible indicates that agritech startups have raised approximately $170 million across more than 30 deals in 2024 to date.

Arya.ag reports Rs 447 Cr revenue in FY25; profits spike 70%

EntrackrEntrackr · 2m ago
Arya.ag reports Rs 447 Cr revenue in FY25; profits spike 70%
Medial

Arya.ag reports Rs 447 Cr revenue in FY25; profits spike 70% Agritech and financing platform Arya.ag claims a 27% year-on-year growth in operating revenue for the fiscal year ending March 2025, according to its press release. Notably, the Gurugram-based firm also recorded a sharp 70% surge in profit after tax (PAT) during the same period. According to its strategic financial report shared by the company for FY25, Arya.ag’s net revenue rose to Rs 447 crore, while its gross revenue stood at Rs 5,738.7 crore in this period. Aided by platform-wide efficiency and cost optimisation, Arya.ag’s take rate (fees for marketplace) grew to 3.8% in FY25 from 3.4% in FY24, while its profit before tax (PBT) rose 95% year-on-year to Rs 43 crore in FY25. In FY25, Arya.ag managed agricultural commodities valued at Rs 26,961 crore across its warehouses, representing a total volume of 7.37 million metric tonnes (MMT). The company also claims to have disbursed Rs 14,182 crore worth of agricultural inputs stored in these warehouses directly to customers from its own balance sheet. The firm disbursed Rs 2,000 crore in loans backed by stored crops, providing farmers with a platform for storage, credit, and selling their produce. For context, Arya.ag’s interest income from financing stood at Rs 55.4 crore in FY24. Arya.ag also expanded its strategic partnerships: with banks for co-lending, processors for value-added commerce, and climate-focused organisations. Looking ahead to FY26, the company aims to expand its geographic footprint and deepen tech capabilities. Arya.ag has raised a total of $174 million of funding to date, having Lightrock Venture and Aspada Investment Company as its lead investors. The firm recently secured a $19.8 million commitment from the United States International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce subsidiary, Aryatech.

Arya.ag reports Rs 340 Cr revenue in FY24, profit surges 2.5X

EntrackrEntrackr · 6m ago
Arya.ag reports Rs 340 Cr revenue in FY24, profit surges 2.5X
Medial

Arya.ag became the first agritech startup to secure two funding rounds in 2024. This milestone was driven by a significant increase in scale while maintaining profitability, a rarity in the sector in recent years. Arya.ag’s operating revenue climbed 18% to Rs 340 crore in FY24 from Rs 288 crore in FY23, as per its consolidated financial statement sourced from the Registrar of Companies (RoC). Noida-based Arya.ag is a grain commerce platform, connecting agriproduce sellers and buyers. It enables farmgate storage, finance, and year-round supply, serving farmers, FPOs, financial institutions, SME processors, traders, and corporate agribusinesses. Its subsidiary, Aryadhan, offers warehouse receipt financing. Storage and warehousing income was the largest contributor and generated Rs 212.8 crore or 62.64% of total operating revenue, with a 7.5% rise. Interest income on loans rose significantly by 27.2% to Rs 55.4 crore, while other income contributed another Rs 71.5 crore. The company earned additional Rs 13 crore from non-operating revenue which pushed its total income to Rs 352 crore in FY24. On the expense front, the cost of services, its largest expense, grew marginally by 3.1% to Rs 183.9 crore, representing 55.66% of total expenses, employee benefit costs rose by 17.1% to Rs 50 crore, while finance expenses surged by 56.3% to Rs 60 crore. Other expenses added another Rs 36.5 crore. Overall, Arya.ag’s total expenses increased by 16% to Rs 330.4 crore in FY24 from Rs 284.6 crore in FY23. Arya.ag’s profit spiked 2.5X to Rs 19 crore in FY24 from Rs 7.6 crore in FY23. Its ROCE and EBITDA margin stood at 14.87% and 25.3% respectively. Arya.ag’s expense-to-earning ratio stood at Rs 0.97. As of March 2024, the firm reported Rs 1114 crore of current assets including Rs 103 crore of cash and bank balance. According to TheKredible, Arya.ag has raised a total of $144 million in funding till date having Lightrock Venture and Aspada Investment Company as its lead investors. Recently, the firm secured a $19.8 million commitment from the United States International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce subsidiary, Aryatech.

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