Noida-based Arya.ag has closed a Rs 725 crore Series D funding round led by GEF Capital Partners, marking one of the largest equity infusions in Indian agritech amid a funding slowdown. The all-equity deal, advised by Avendus Capital with support from PwC, JSA and Aeka, includes 70 per cent primary capital for growth and 30 per cent secondary sales for liquidity. The funds target deeper farmer engagement, climate-smart practices, farmgate infrastructure, post-harvest loss reduction and tech-finance scaling for smallholders.
Co-founder and CEO Prasanna Rao hailed the validation of their integrated model, noting GEF’s alignment on equitable value chains against climate and market risks. The round follows a July 2025 USD 29 million pre-Series D from Blue Earth and Quona Capital, plus USD 19.8 million DFC debt guarantee for Aryatech, pushing cumulative raise over USD 200 million.
Platform Empowers Farmers Across Supply Chain:
Founded in 2013 by ex-ICICI bankers Prasanna Rao, Anand Chandra and Chattanathan Devarajan, Arya.ag runs India’s largest grain commerce platform with pre-harvest advisory, storage, financing and trade. Smart Farm Centres, blockchain tracking and warehouse receipt finance let farmers store near fields, borrow against grain and sell at optimal times to buyers like processors and millers, dodging post-harvest distress sales. Operations cover 60 per cent of districts, 12,000 warehouses handling USD 3 billion grain yearly and USD 1.5 billion loans disbursed. H1 FY26 net revenue hit Rs 300 crore, up 28 per cent YoY, with profits at Rs 31.5 crore, a 39 per cent jump, making it India’s sole profitable agritech amid sector funding dips from USD 390 million in 2024 to USD 182 million in 2025.
Funds Fuel Climate Resilience and Expansion:
Proceeds will roll out more Smart Farm Centres, on-farm tech for resilient crops, farmgate storage to curb 20-30 per cent losses, and instant finance products. The model tackles climate risks, price volatility and formal credit gaps, boosting smallholder incomes sustainably. Rao eyes IPO in 18-24 months post-expansion. Arya.ag competes with Ninjacart, DeHaat, AgroStar, Samunnati and WayCool but stands out via profitability and scale. GEF’s bet underscores conviction in Arya.ag’s path to formalise agri chains profitably.
Path to IPO and Sector Impact:
With fresh capital, Arya.ag aims to reach more FPOs, develop sustainability rewards and fortify supply chains amid rising climate threats. Partnerships like Shivalik Bank for Rs 200 crore financing highlight ecosystem ties. As India’s agri faces losses and risks, Arya.ag’s growth signals investor return to proven models blending tech, finance and infra.
