At a Glance
- $81 million raised in an all-equity Series D led by GEF Capital Partners.
- ₹340 million after-tax profit, up 39 % this year.
- NPAs under 0.5 % despite falling commodity prices.
Why it matters: Farmers across India gain a secure, tech-driven way to store grain and access low-interest credit, even as crop prices decline.
Funding & Growth
Arya.ag closed a Series D that raised $81 million, with more than 70 % of the money coming from primary capital and the rest from secondary share sales. Avendus advised the round. The infusion will help the startup scale its technology and infrastructure.
Business Model & Risk Management
The company stores roughly 3 % of India’s grain output, about $3 billion worth of grain each year, and lends about $1.5 billion annually. It keeps NPAs below 0.5 % by lending only a portion of stored grain and triggering margin calls when prices fall. It manages risk by securing loans against grain and using margin calls.
- Stores grain close to farms, letting farmers borrow against it.
- Uses AI to assess grain quality and satellite data to monitor crop stress.
- Employs sensor-enabled storage bags for villages without formal warehouses.
Prasanna Rao stated:
> “You’re not immune to risks, but because your lending is completely secured against commodities, it will never happen that the prices will fall by 90%. You already have a margin of 30%, and with your mark to market, you’ve been able to control your NPAs and defaults.”
Financial Performance & Expansion
In the year ended March 2025, Arya.ag posted ₹4.5 billion in net revenue and a ₹340 million after-tax profit, a 39 % rise. It disburses more than ₹110 billion ($1.2 billion) in loans each year, with ₹25-30 billion coming from its own balance sheet. The firm serves between 850,000 and 900,000 farmers in 60 % of India’s districts through about 12,000 third-party warehouses.
| Metric | Value |
|---|---|
| Net Revenue (FY 2025) | ₹4.5 billion |
| Profit After Tax (FY 2025) | ₹340 million |
| Loans Disbursed (FY 2025) | ₹110 billion |
The company’s lending rates range from 12.5 % to 12.8 %, below the 24 %-36 % charged by commission agents but above the 11 %-12 % typical bank rates. Loans are approved in under five minutes and disbursed digitally.
Key Takeaways
- Arya.ag secured $81 million in Series D and remains profitable.
- It keeps NPAs under 0.5 % while lending $1.5 billion annually.
- The company plans an IPO in 18 months and is expanding credit services across India.
With fresh capital and growing profitability, Arya.ag is positioning itself for an IPO while continuing to empower farmers with secure storage and affordable credit.
