ImpactAlpha, January 19 – Arya helps India’s smallholder farmers transport and store their crops and provides working capital until they sell their crops. The Delhi-based company has digitized about 10,000 warehouses in underserved farming communities across 21 Indian states.
“Arya is successfully bridging the trust gap in post-harvest agri transactions through complete transparency and assurance on quality, quantity and payments,” said Varun Malhotra of Quona Capital, which led the $46 million Series C financing with Asia Impact SA and Lightrock India.
The U.S. International Development Finance Corp. and others provided the $14 million debt portion.
Arya raised a $14 million Series B round in December 2020.