Agritech startup Arya.ag, which secured $30 million in debt financing last month, aims to be IPO-ready by FY27. The company has raised a total of $84 million in equity and $102.05 million in debt.

In July 2023, it secured $29 million in a Pre-Series D funding round led by Switzerland-based Blue Earth Capital. It plans to raise its next round of funding by the end of 2025.

Backed by investors such as Lightrock, Omnivore, Blue Earth Capital, Quona Capital, and Asia Impact, Arya.ag will use the funds to enhance post-harvest liquidity for farmers, farmer producer organizations (FPOs), and small agri-enterprises. The capital will also support the expansion of its lending book and trade facilitation.

While the company’s warehousing business, Arya Collateral, is financially self-sustaining, its agri-fintech platform Aryatech, and its non-banking financial company (NBFC) arm, Aryadhan, require significant capital.

“These businesses need funding. Our focus is on leveraging the equity raised in June, optimizing our debt-equity ratio, and then securing additional funding for growth,” said Anand Chandra, Co-Founder and Executive Director.

Arya.ag has set a profit target of Rs. 100 crore and operating revenue of Rs. 630 to Rs. 640 crore by FY26. This fiscal year, it expects to record Rs. 40 crore in profit and Rs. 450 crore in revenue. In FY24, the startup’s operating revenue grew 18% to Rs. 340 crore, while profit surged 2.5 times to Rs. 19 crore.

The company plans to drive growth by strengthening its position in storage, finance, and trading while introducing new verticals like logistics-as-a-service.