Arya.ag closes FY22 with grain AUM of USD 1.1 billion

Arya.ag closes FY22 with grain AUM of USD 1.1 billion
In FY22, the agritech company also raised series C funding to the tune of USD 60 million with investors now comprising Asia Impact SA, Lightrock India, Quona Capital and Omnivore

Arya.ag, India’s leading integrated grain commerce platform, concluded FY22 on a formidable and strong note both in terms of volumes as well as end-user uptake to further cement the startup’s position as India’s largest and fastest-growing agritech player.

For the fiscal year 2021-22, Arya.ag closed with a grain AUM (assets under management) of USD 1.1 billion bolstered by a rapid surge in commerce volume with a gross transaction value (GTV) run rate of USD 270 million. H2 of FY22 recorded a phenomenal 4X rise in commerce volumes over H1 on the platform with taking rates strengthening by over 2X. During the year, the platform saw large adoption of its structured trade solutions by varied entities spanning farmers, FPOs, millers and agri-corporations.

The embedded digital lending business on the platform hit the milestone of INR 100 crore or USD 13.3 million, of loan disbursement amount in the month of March 2022 alone. The platform saw a 2X rise, to close the year at USD 65.0 million in its digitally-led fully secured loan disbursements. The increased uptake in its digital lending solutions was immensely influenced by the launch of Insta-loan disbursement bouquet of services for farmers that simplifies and optimises the lending process and end-user experience in gaining access to financial services. The adoption rates were in excess of 90 per cent.

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Apart from lending through its own balance sheet, the platform collaborated with over 25 banks and financial institutions to help them disburse INR 2000 crore or USD 265 million of secured loans in the last fiscal, a growth of over 3X in the collaborated lending book.

Some of the other key figures for the year

  • Enabling digital discovery of 10,469 near-farm gate warehouses spread over 800 locations.
  • Combined storage capacity of 36.5 million tonnes with a footprint of over 200 million sq. ft.
  • More than 8,000 total sale listings by sellers.
  • Over 1000 successful trades effectively connecting sellers to buyers
  • Concluded over 350,000 tonnes of agri-commodity commerce

In FY22, the agritech company also raised series C funding to the tune of USD 60 million with investors now comprising Asia Impact SA, Lightrock India, Quona Capital and Omnivore.

Highlighting the performance, Prasanna Rao, MD & Co-founder, Arya.ag said, “The influence of digital transformation in prominent domains of the overall economic ecosystem is well known. As India’s largest agritech player, we at Arya.ag are extending the benefits of digital technologies to the smallest of the stakeholders in the agri-ecosystem, including women farmers and farmer producer organisations. The pandemic times have further accelerated the adoption of our integrated services and we remain upbeat about the future, basis our distinct value proposition and strong business fundamentals.”

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