TL;DR
Arya.ag raised an $81 million all-equity Series D led by GEF Capital Partners while reporting continued profitability and revenue growth despite falling global agricultural commodity prices. The agritech firm lends against stored grain, offers near-farm storage and uses digital tools to limit credit losses and expand farmer access to markets.
What happened
Arya.ag secured an $81 million all-equity Series D from GEF Capital Partners, with over 70% of the funding as primary capital and the remainder from secondary share sales. The Noida-based company says its business model—providing storage near farms, allowing farmers to borrow against warehoused crops, and linking sellers to a broader set of buyers—helps shield it from volatile commodity prices. Financials reported for the year ended March 2025 show net revenue of ₹4.5 billion and profit after tax of ₹340 million; first-half revenue in the current year rose about 30% year-on-year and profit after tax has increased a further 39% so far. Arya.ag manages roughly $3 billion in grain annually (about 3% of national output), facilitates around $1.5 billion in loans each year, and reports gross NPAs under 0.5%. The startup plans to deploy new capital on technology, storage and credit infrastructure, and says it aims to be IPO-ready within 18–20 months.
Why it matters
- Shows a lending and storage model can sustain profitability even as global crop prices decline.
- Gives farmers more flexibility to avoid distress selling at harvest, potentially improving their incomes.
- Digitally secured, collateralized lending can keep defaults low in small, local credit markets that banks often avoid.
- Investor interest signals appetite for agritech platforms that combine storage, finance and market access.
Key facts
- Series D: $81 million raised from GEF Capital Partners; >70% primary capital, rest secondary.
- Annual net revenue (year ended March 2025): ₹4.5 billion (~$50 million).
- Profit after tax (year ended March 2025): ₹340 million (~$3.78 million); profit up ~39% so far this year.
- Arya.ag aggregates and stores about $3 billion worth of grain annually, roughly 3% of national output.
- Facilitates about $1.5 billion in loans each year and disburses over ₹110 billion through its platform.
- Own balance-sheet lending via NBFC: between ₹25 billion–₹30 billion annually; platform loan interest ~12.5–12.8%.
- Operational reach: 850,000–900,000 farmers across about 60% of India’s districts; network of ~12,000 leased warehouses.
- Revenue mix: storage ~50–55%, finance 25–30%, remainder from commerce and services.
- Reported gross non-performing assets (NPAs) are below 0.5%.
What to watch next
- Whether Arya.ag meets its goal of being IPO-ready within the next 18–20 months.
- How the company scales its blockchain tracking and other tech deployments to support lending and trade.
- Selective international expansion via a software-led model in parts of Southeast Asia and Africa.
Quick glossary
- Series D: A later-stage round of venture funding used by companies to raise growth capital before potential public listing or other liquidity events.
- Primary vs. Secondary capital: Primary capital refers to newly issued shares that provide fresh funds to the company; secondary sales involve existing shareholders selling their stakes to investors.
- Gross non-performing assets (NPAs): A banking and lending metric that measures loans on a lender’s books that are in default or close to being in default.
- Non-banking finance company (NBFC): A financial institution that offers loans and credit services but does not have a full banking license; often regulated differently from banks.
- Margin call: A demand by a lender for a borrower to add collateral or repay part of a loan when the value of pledged assets falls below a required threshold.
Reader FAQ
How much did Arya.ag raise in this round?
$81 million in an all-equity Series D led by GEF Capital Partners.
Is Arya.ag profitable?
Yes—profit after tax was reported at ₹340 million for the year ended March 2025, with profit rising another 39% so far this year.
How many farmers and warehouses does the company work with?
It reaches about 850,000–900,000 farmers across roughly 60% of districts and operates through about 12,000 leased warehouses.
Will Arya.ag go public soon?
The company says it aims to be IPO-ready in 18–20 months, but an actual IPO is not confirmed in the source.
Arya.ag, an Indian agritech company offering storage facilities near farms and offering lending services to hundreds of thousands of farmers, has drawn investor interest and remained profitable even as global…
Sources
- Even as global crop prices fall, India’s Arya.ag is attracting investors — and staying profitable
- India's Agri-Tech Star Arya.ag Bags $81 Million! How They …
- Even as global crop prices fall, India's Arya.ag is attracting …
- They slowly built a grain-storage business worth $300 …
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