Indian agritech startup Arya, which reaches hundreds of thousands of farmers in the South Asian market and helps them store and sell their produce and secure credit, has raised $60 million in a new financing round as it enters a new phase of growth.
Asia Impact SA, Lightrock India and Quona Capital co-led the $46 million Series C financing round. US International Development France Corporation and others provided an additional $14 million as debt. The new round values the eight-year-old, Noida-based startup at $300 million, a person familiar with the matter said.
Arya is attempting to solve three challenges that have distressed farmers in India for decades. Only about a third of the yields they produce reaches the big markets, where most of the sales occur, creating an uneven concentratio …
