Agritech startup Arya.ag has secured a $19.8 million debt commitment from the U.S. International Development Finance Corporation (DFC).
The funds will be used by Arya.ag's subsidiary, AryaTech, to expand its efforts in connecting farmers and farmer-producer organizations (FPOs) with buyers.
Arya.ag aims to enhance market linkages for farmers and FPOs by providing a secure and transparent platform.
The startup operates in 60% of India's districts and has facilitated over $1.5 billion in loan disbursements to smallholder farmers.