India’s comprehensive post-harvest services provider Arya.ag has successfully lifted $29.2 million (Rs.242.36 crore approximately) in Pre-series D Funding round. This is the very first round of investment for Noida-based startup since the month of January 2022.

The startup has issued a special resolution to pass 53,695 CCPS at an issue price of Rs. 45,137 each to lift the above-mentioned amount of $29.2 million, the startup’s regulatory filing obtained from RoC shows.

The startup has obtained Rs. 134.46 crore from its existing financial backers including Asia Impact and Quona Capital via Quona Blue Earth & Accion Quona.

According to the estimation of TheKredible, the startup has been estimated nearly Rs. 2,700 crore ($325 million in post-allotment). The company may bag more additional funds and the total valuation will differ as a result.

To date, Arya.ag has lifted about $110 million including $60 million in Series C funding round directed by Asia Impact SA, Lightrock, & Quona Capital in the year 2022.

As per the startup intelligence platform, Lightrock, previously called as Aspada Investment was the greatest external shareholder with 17.89% as of Series C funding round and Lightrock Venture follows next which holds a 12.84% ownership in the startup.

Arya.ag is an inventive e-commerce platform for grains which connects agri-sellers (producers) and buyers. Also, it offers supplementary services such as debt and warehousing services to farmers via external or third-party lenders.

Contrasted to several companies of its sector in a same age, Arya.ag reported a profit rate during the financial ending March 2023. Meanwhile, the venture’s gross scale surged 49.48% Y-o-Y to Rs. 290 crores in the financial year 2023, its profits expanded 11X to Rs. 7.58 crore in the same period of time.

In the market, the startup competes with Ninjacart, Bijak & DeHaat and so on.