's valuation crosses $300 million after Series C round

Matteo Pusineri, director of Asia Impact SA said through the pandemic, the investment firm has seen Arya transform agri-commerce across India

Chattanathan Devarajan, Prasanna Rao and Anand Chandra

Founders of Arya—Chattanathan Devarajan, Prasanna Rao and Anand Chandra

Peerzada Abrar Bengaluru, India’s largest integrated grain commerce platform, said it has closed its Series C round, having raised  $60 million in a mix of equity and debt. The equity round was led by Asia Impact SA, Lightrock India and Quona Capital. The agritech platform also raised debt financing from the US International Development Finance Corporation (DFC) among others. The company has been valued at $300 million in this funding round, which is a 5X jump from its previous valuation. connects sellers and buyers of agriproduce, providing complete assurance on quantity, quality and payments. The platform eliminates distress sales of farmers’ produce by enabling farmgate storage and seamless finance options, offering farmers the freedom of when and whom to sell to.

First Published: Jan 18 2022 | 06:00 AM IST

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