ImpactAlpha, December 15 – Delhi-based Arya helps India’s smallholder farmers transport and store their goods post-harvest, and provides them with working capital for the period between harvest and sale. The company aims to boost farmer incomes by curbing food waste and enabling them to sell their grain when prices go up.
Arya operates a network of 1,500 storage facilities in villages across 20 Indian states.
The company raised $21 million of mixed debt and equity funding. Quona Capital led the Series B round. Existing investors Omnivore and LGT Lightstone Aspada reupped in the round after an earlier commitment of $6 million.