Agritech startup Arya secures $30 million in debt financing

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Agritech and lending platform Arya.ag on Thursday announced that it has secured a $30 million (Rs 259 crores) debt facility from HSBC India. The amount is guaranteed by GuarantCo, part of the Private Infrastructure Development Group (PIDG)– which is funded by governments of the United Kingdom, the Netherlands, Switzerland, Australia and Sweden to name a few, the company said.The agritech startup said it will use the capital to provide post-harvest liquidity to farmers, farmer producing organisations (FPOs) and small agri-enterprises, to bring them…



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Agritech startup Arya secures $30 million in debt financing


Agritech and lending platform Arya.ag on Thursday announced that it has secured a $30 million (Rs 259 crores) debt facility from HSBC India. The amount is guaranteed by GuarantCo, part of the Private Infrastructure Development Group (PIDG)– which is funded by governments of the United Kingdom, the Netherlands, Switzerland, Australia and Sweden to name a few, the company said.The agritech startup said it will use the capital to provide post-harvest liquidity to farmers, farmer producing organisations (FPOs) and small agri-enterprises, to bring them…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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