GEF Capital backs Arya.ag in Series D transaction
The grain storage and finance company secured investment in a transaction combining new equity and secondary share sales.
Indian agritech company Arya.ag has secured Series D investment from GEF Capital Partners in a transaction worth about $81 million. The deal combines new equity for the company with purchases of existing shareholders’ stakes.
Arya.ag told TechCrunch that more than 70% of the transaction was primary capital. The company did not disclose the exact amount of new equity separately.
The investment will support expansion of smart farm centres, storage and credit infrastructure, and technology for tracking grain inventories. Arya.ag helps farmers store crops, borrow against stored produce and connect with buyers.
The Noida-based company was founded in 2013 by Prasanna Rao, Anand Chandra and Chattanathan Devarajan. Avendus advised on the transaction.
Use of funds
Expand smart farm centres and storage infrastructure
Deploy technology for stored grain tracking and financing