Agritech Startup Arya.ag Bags $80 Mn From GEF Capital Partners

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SUMMARY

The funding round was a mix of primary and secondary transactions, with about 70% of the amount raised as primary capital

Arya.ag plans to use the fresh capital to increase its penetration among farmer communities and accelerate product development

The startup’s network currently covers 60% of districts in India, annually storing $3 Bn worth of grains and disbursing $1.5 Bn in credit to small-holder farmers

Agritech startup Arya.Ag has raised $80.58 Mn (about INR 725 Cr) in its Series D round, in a mix of primary…



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Agritech Startup Arya.ag Bags $80 Mn From GEF Capital Partners


SUMMARY

The funding round was a mix of primary and secondary transactions, with about 70% of the amount raised as primary capital

Arya.ag plans to use the fresh capital to increase its penetration among farmer communities and accelerate product development

The startup’s network currently covers 60% of districts in India, annually storing $3 Bn worth of grains and disbursing $1.5 Bn in credit to small-holder farmers

Agritech startup Arya.Ag has raised $80.58 Mn (about INR 725 Cr) in its Series D round, in a mix of primary…



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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