Agritech startup Arya.Ag has raised $80.58 Mn (about INR 725 Cr) in its Series D round, which was a mix of primary and secondary transactions, from PE firm GEF Capital Partners.

While about 70% of the amount was raised as primary capital, the remaining came from secondary share sale. Some of the existing investors partially divested their stakes via the secondary transactions, cofounder and executive director Anand Chandra told Inc42.

In a statement, the startup said it will use the fresh capital to increase its penetration among farmer communities and accelerate product development. It plans to especially focus on solutions to stabilise post-harvest losses across the agricultural supply chain and improve access to technology solutions.

“We will use these funds to propagate climate-resilient smart agriculture, setting up smart farm centres, increase penetration in various geographies, and any strategic acquisitions we may come across,” Chandra said.

He added that the startup covers 60% districts in India and will continue to focus on penetrating deeper into the existing areas rather than expanding to new ones. Currently, Bihar is its biggest market, followed by Uttar Pradesh and Maharashtra. Odisha is one of the markets Arya.ag will look to tap further.

Inside Arya.ag’s Business Model

Founded in 2013 by ex-ICICI executives Chandra, Prasanna Rao and Chattanathan Devarajan, the Noida-based startup helps farmers adopt technology in their everyday practices and provides insights and strategies for pre- and post-harvest seasons, market fluctuations and adverse climate events.

It also offers grain storage services to farmers through a network of 12,000 warehouses that it has leased from third parties. It is aiming to increase this number to about 15,000 this year. Arya.ag also provides credit facilities to agricultural workers.

The startup claims it annually stores $3 Bn worth of grains and disburses $1.5 Bn in collateral-backed credit to small-holder farmers and their organisations.

According to Chandra, the startup has onboarded 10 Lakh farmers on its platform till date, and its end-to-end services aid them in increasing their earnings by 15-20%.

In 2025, Arya.ag disbursed INR 2,000 Cr through its own balance sheet via its NBFC arm AryaDhan, along with INR 10,000 Cr through its 30 partner banks. The average ticket size for loans disbursed to individual farmers stood at INR 10-12 Lakh, while those for farm organisations was INR 80 Lakh. The average interest rate is about 12.8-13%.

Chandra claimed that Arya.ag stands out with its quick loan disbursal. He said that the startup provides loans in 20 minutes compared to the 24-48 hours taken by banks.

Talking about the revenue mix, the cofounder said that interest income accounts for 25-30% of the startup’s top line, while its storage services rake in around 55-60%. Arya.ag also earns a small amount via the platform fee it charges.

Prior to the latest round, Arya.ag had raised $118.93 Mn to date from investors like Lightrock, Asia Impact, Quona Capital, among others. In January last year, it raised $30 Mn in debt from HSBC.

Arya.ag Funding Trajectory

Source: Inc42 Datalabs

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The startup’s bottom line has been in the green since its inception, and it reported a net profit of INR 31.5 Cr in the first half of FY26 (H1 FY26), up 39% YoY. Its net revenue rose 28% to INR 300 Cr during the period.

In FY25, Arya.ag’s posted a net profit of INR 34 Cr on a revenue of INR 450 Cr.

Arya.ag competes in the farm management sector with startups like StarAgri, DeHaat and AgroStar. Another competitor, BharatAgri, shut shop in November last year due to a lack of external funding required to sustain operations.

Nevertheless, India’s agritech market is expected to grow to $28 Bn by 2030 from $9 Bn in 2025, expanding at a 25% CAGR. Startups in the sector have raised nearly $3 Bn since 2014.