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

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 and secondary transactions, from PE firm GEF Capital Partners.

While about 70% of the amount was raised as primary capital, the remaining came from secondary share sale.

In a statement, the startup said it will use the fresh capital to increase its penetration among farmer communities and accelerate product development. It plans to especially focus on solutions to stabilise post-harvest losses across the agricultural supply chain and improve access to technology solutions.

Founded in 2013 by ex-ICICI executives Prasanna Rao, Anand Chandra and Chattanathan Devarajan, the Noida-based startup helps farmers adopt technology in their everyday practices and provides insights and strategies for pre- and post-harvest seasons, market fluctuations and adverse climate events.

It also offers grain storage services to farmers through a network of 12,000 warehouses that it has leased from third parties. Arya.ag also provides credit facilities to agricultural workers.

The startup claims its network currently covers 60% of districts in India, annually storing $3 Bn worth of grains and disbursing $1.5 Bn in collateral-backed credit to small-holder farmers and their organisations.

Prior to the latest round, Arya.ag had raised $118.93 Mn to date from investors like Lightrock, Asia Impact, Quona Capital, among others. In January last year, it raised $30 Mn in debt from HSBC.

The startup’s bottom line has been in the green since 2021, and it reported a net profit of INR 31.5 Cr in the first half of FY26 (H1 FY26), up 39% YoY. Its net revenue rose 28% to INR 300 Cr during the period.

In FY25, Arya.ag’s posted a net profit of INR 3.4 Cr on a revenue of INR 450 Cr.

Arya.ag competes in the farm management sector with startups like StarAgri, DeHaat and AgroStar. Another competitor, BharatAgri, shut shop in November last year due to a lack of external funding required to sustain operations.

Nevertheless, India’s agritech market is expected to grow to $28 Bn by 2030 from $9 Bn in 2025, expanding at a 25% CAGR. Startups in the sector have raised nearly $3 Bn since 2014.