Arya.ag Revenue, Valuation, Funding & Investors

Arya.ag is valued at $323M as of July 2024, a 8.3x multiple on its last reported $39M revenue.

Last Arya.ag valuation

$323M

Series C · Jul 2024

Last Arya.ag funding round

$8M

Undisclosed stage · Mar 2026

Arya.ag revenue

$39M

Series C · Jul 2024

Key investors in Arya.ag

  • Quona Capital
  • Asia Impact
  • Lightrock
  • Blue Earth Capital
  • Swedfund International
  • Alter Domus

Arya.ag Overview

About Arya.ag

Arya.ag is an agtech platform facilitating grain commerce by linking farmers, producer organizations, traders, and businesses across India. It ensures reliability in quantity, quality, and payments while operating post-harvest networks with storage solutions to minimize losses and enhance produce quality. Founded in 2013 and headquartered in Gurugram, the company manages warehouses and financing services, supporting agricultural supply chains in multiple Indian states.


Founded

1982

HQ

IndiaNoida

Website

arya.ag

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Revenue

$39M (Jul 2024)

Valuation

$323M (Jul 2024)

Arya.ag Valuation

Arya.ag is currently valued at $323M, based on its Series C in July 2024.

The $29M round was led by Blue Earth Capital, with participation from Asia Impact, Alter Domus and Quona Capital.

Arya.ag's valuation has grown 1.1x from $300M at its Series C in January 2022 to $323M in July 2024, across 2 priced rounds.

Arya.ag valuation by funding round

Revenue multiple
Arya.ag valuation by funding round
DateStageValuationRevenue Multiple
Jul 2024Series C$323M8.3x
Jan 2022Series C$300M6.3x

Arya.ag Revenue

Arya.ag's latest recorded revenue is $39M, as of its Series C in July 2024. At a $323M valuation, that implies a 8.3x revenue multiple.

Revenue moved from $48M in January 2022 to $39M in July 2024, while the revenue multiple moved from 6.3x to 8.3x.

Arya.ag revenue by funding round

Arya.ag revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2024$39M$323M8.3xSeries C
Jan 2022$48M$300M6.3xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Arya.ag Funding History

Arya.ag has raised a total of $125M across 3 funding rounds.

Arya.ag's first fundraising round was a $88M Series C in January 2022. The most recent completed round was a $8M undisclosed-stage round in March 2026.

Arya.ag funding rounds

Arya.ag funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Undisclosed stageSwedfund International$8M-Swedfund invested USD 7.5 million of equity in Arya.ag, an Indian grain commerce platform that combines warehousing, crop-backed lending and digital trading for smallholder farmers. The investment was made as a co-investment in a consortium led by GEF Capital Partners' South Asia Growth Fund III, in which Swedfund is already a limited partner, alongside IFC and British International Investment. The proceeds are to expand Arya's storage infrastructure and financing platform to reduce post-harvest losses and improve price realisation for farmers.
Jul 2024Series CBlue Earth Capital (lead); Asia Impact; Alter Domus; Quona Capital$29M$323MArya.ag is an Indian agritech startup founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, operating a grain commerce platform that connects agricultural producers (sellers) and buyers. It provides auxiliary services including farmgate-level storage, seamless finance through third-party lenders, warehouse discovery, and market linkages across 60% of Indian districts, covering over 11,000 agri-warehouses. The platform aggregates and stores $3 billion of grain annually and enables disbursement of over $1.5 billion in loans to smallholder farmers and organizations. In July 2024, Arya.ag raised $29 million (INR 242 crore) in a Pre-Series D funding round led by Blue Earth Capital, with participation from existing investors Asia Impact and Quona Capital. This marks the company's first funding since its January 2022 Series C round of $60 million (part of total $110 million funded to date), which valued it at about $300 million. The new funds will expand technological capabilities, add users, enhance market share, improve profitability, deploy satellite technology for farm productivity, reduce food loss, and forge partnerships for better farming practices, aiming to impact 10 million farmers, facilitate $3 billion in agri-loans, and create $4 billion in commerce linkages by 2028. For the financial year ended March 2024 (FY24), Arya.ag reported revenue of INR 360 crore and profit of INR 17 crore, achieving profitability with 36% profit growth over FY23. The company was valued at INR 2,400 crore at the time of the round per direct reports, with one estimate post-allotment at INR 2,700 crore ($325 million). Setuka Partners advised on the equity round.
Jan 2022Series CAsia Impact (lead); Lightrock (lead); Quona Capital (lead)$88M$300MArya.ag is an Indian agritech startup founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, operating as a grain commerce platform that connects agricultural producers and buyers while offering auxiliary services like debt and storage through third-party lenders. Originally part of the JM Baxi Group, the founders acquired a controlling stake in 2013. The platform aims to capture a significant share of the USD 100 billion grain commerce market in India by providing transparency in post-harvest transactions, quality assurance, and tech-driven services. In January 2022, Arya.ag raised USD 60 million in a mix of equity and debt as part of its Series C round, with the equity portion of USD 46 million co-led by Asia Impact SA, Lightrock India, and Quona Capital, and debt of USD 14 million from the US International Development Finance Corporation (DFC) and others. The round valued the company at approximately USD 300 million. The funds were intended to support expansion, marketplace development, and accelerated growth in serving farmers and buyers. Arya.ag has demonstrated strong traction, reaching hundreds of thousands of farmers, storing USD 3 billion worth of grains annually, and disbursing USD 1.5 billion in collateral-backed credit to small-holder farmers. By later periods, it onboarded 10 lakh farmers, aiding 15-20% earnings increases. The company remained profitable since inception, though specific revenue or EBITDA near the 2022 round is not reported using standard terms. Post-2022, Arya.ag continued fundraising, securing INR 242.36 crore (USD 29.2 million) in a pre-Series D in 2024 from Blue Earth Capital and existing investors Asia Impact and Quona Capital at INR 2,400 crore (about USD 300 million) valuation, followed by a USD 80.58 million Series D mix from GEF Capital Partners. It made acquisitions like Prakshep and Assert AI in 2022 to bolster data science and AI capabilities. Later financials show FY25 revenue of INR 450 crore and profit of INR 34 crore, with H1 FY26 revenue at INR 300 crore.

Who has invested in Arya.ag?

6 investors have backed Arya.ag across its funding rounds, including Quona Capital, Asia Impact, Lightrock, Blue Earth Capital, Swedfund International and Alter Domus.

Lead investors include Blue Earth Capital, Asia Impact, Lightrock and Quona Capital.


Arya.ag Investors

Investors in Arya.ag by funding rounds participated
InvestorHQRoundsRoleFirst check
Asia ImpactLuxembourgLuxembourg2LeadJan 2022
Quona CapitalUnited StatesWashington, DC2LeadJan 2022
Swedfund InternationalSwedenStockholm1ParticipantMar 2026
Alter DomusLuxembourgLuxembourg1ParticipantJul 2024

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Investments by Arya.ag

Arya.ag has invested in 1 company to date.

Latest investment by Arya.ag was on April 29th 2024. Arya.ag invested in Assert AI in their $4M Series A round.


Latest Investments by Arya.ag

Assert AI
Description
Assert AI is a computer vision SaaS provider offering video analytics for security and operations. Its edge-deployable models detect anomalies, count objects, and track movements in retail and smart cities. Headquartered in Singapore, Assert AI processes feeds from cameras without cloud dependency. Established in 2020, the platform monitors sites for clients in Southeast Asia and Australia.
HQ CountryIndia
HQ City
Mumbai
Deal Date29 Apr 2024
RoundSeries A
Raised$4M
InvestorsRamesh Hariharan; Prashant Purker
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Arya.ag Competitors

Arya.ag competitors include listed companies like Izumi Co and Shutterstock, and private ones like ReshaMandi, M1xchange, Igloo and Fashinza.

Public and private companies comparable to Arya.ag
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ReshaMandiIndiaBangalorePrivate$22M-$175M8.0x
Izumi CoJapanJapanPublicly listed$3.7B$300M$1.4B0.6x
M1xchangeIndiaGurgaonPrivate--$333M-
IglooSingaporeSingaporePrivate$55M-$303M5.5x
FashinzaUnited StatesNew York City, NYPrivate$150M-$300M2.0x
ShutterstockUnited StatesUnited StatesPublicly listed$990M$158M$181M0.3x

Arya.ag Public Comps

Arya.ag is still privately-owned, but its public comps include Everyday Network Co., ThredUp, On The Beach Group, Fiverr, Quick Co., Socar, BiNBiN, Aramis Group, ZIGExN and GA Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Everyday Network Co.$16M($6M)17.0x-(42.4x)-
ThredUp$311M($5M)1.0x0.9x(59.2x)20.5x
On The Beach Group$163M$48M2.3x2.5x7.7x8.8x
Fiverr$431M$13M0.2x0.2x5.2x1.0x
Quick Co.$218M$41M1.0x1.0x5.4x-
Socar$343M$72M1.5x-7.0x-
BiNBiN$11M($12M)30.9x-(27.8x)-
Aramis Group$2.7B$74M0.2x0.2x6.1x10.7x

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Common questions about Arya.ag

When was Arya.ag founded?Arya.ag was founded in 1982.
Where is Arya.ag headquartered?Arya.ag is headquartered in Noida, India.
Is Arya.ag publicly listed?No, Arya.ag is a private, VC-backed company.
What is Arya.ag's valuation?Arya.ag was last valued at $323M in its Series C in July 2024.
How much funding has Arya.ag raised?Arya.ag has raised $125M across 3 funding rounds.
What was Arya.ag's last funding round?Arya.ag's last funding round was a $8M undisclosed-stage round in March 2026.
Who are Arya.ag's investors?Arya.ag's investors include Asia Impact, Quona Capital, Swedfund International, Alter Domus, Lightrock and Blue Earth Capital.
What is Arya.ag's revenue?Arya.ag's latest recorded revenue is $39M (July 2024).
What is Arya.ag's revenue multiple?Arya.ag's latest valuation implies a 8.3x revenue multiple ($323M valuation on $39M of revenue).
Which companies are comparable to Arya.ag?Companies comparable to Arya.ag include ReshaMandi, Izumi Co, M1xchange, Igloo, Fashinza and Shutterstock.
How many companies has Arya.ag invested in?Arya.ag has invested in 1 company, including Assert AI.
What was Arya.ag's last investment?In April 2024, Arya.ag invested in Assert AI's $4M Series A alongside Ramesh Hariharan and Prashant Purker.

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