Arya.ag Bags $19.8 Mn Debt Commitment From DFC For Aryatech

Arya.ag, a homegrown agritech platform obtained a USD 19.8 million debt facility guarantee from the U.S. International Development Finance Corporation (DFC) to bolster its agri-commerce subsidiary, Aryatech. 

This new commitment follows a recent USD 29 million equity raise aimed at expanding Arya.ag’s transaction capabilities, strengthening market access, and ensuring payment security for farmers and farmer producer organizations (FPOs) nationwide.

"This commitment from DFC represents a significant milestone in our mission to transform India's grain commerce ecosystem," said Prasanna Rao, Co-Founder and CEO of Arya.ag. "The facility will enable us to connect more farmers and FPOs to buyers much beyond their existing networks, creating a more efficient and inclusive agricultural marketplace."

The platform integrates storage, financing, and market linkages within a 12,000-warehouse network across 21 states, supported by technology like IoT and blockchain to minimize storage and transaction risks. According to Arya.ag, it remains the only profitable agritech startup at scale in India, reporting a profit before tax of Rs 22 crore in FY24.

DFC’s James Polan, Vice President of Health & Agribusiness, noted, “This transaction aligns with our goal of supporting economic growth and prosperity in communities across India.”

Setuka Partners LLP advised on the deal, marking another step in their mission to mobilize capital for impact-driven enterprises.