Noida-based agritech startup Arya. ag has successfully raised $29.2 million in its latest funding round, attracting investments from existing backers.
This marks Arya. ag’s first funding activity since January 2022. The details were disclosed through a regulatory filing accessed by Entrackr. The company’s board approved the issuance of 53,695 Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 45,137 each to raise the capital.
Key investors in this round included Asia Impact and Quona Capital, through their entities Quona Blue Earth and Accion Quona, contributing a total of Rs 134.46 crore.
Valuation and Previous Funding
According to TheKredible, Arya. ag is now valued at approximately Rs 2,700 crore, or about $325 million post-allotment. This valuation may adjust with future funding rounds.
To date, Arya. ag has raised around $100 million. A major contribution came from a $60 million Series C round in 2022, led by Asia Impact SA, Lightrock, and Quona Capital. After this round, Lightrock (formerly Aspada Investment) emerged as the largest external shareholder with a 17.89% stake, followed by Lightrock Venture with 12.84%, as reported by Inc42.
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Future Prospects
With this new injection of capital, Arya.ag is poised to accelerate its growth in the agritech sector. While the company has not yet disclosed specific plans for the newly raised funds, the investment is expected to fuel further innovation and expansion in the industry.
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