Agritech startup Arya.ag has secured a commitment of $19.8 Mn from US International Development Finance Corporation (DFC) for its agri commerce subsidiary Aryatech.
The funding will enhance Arya.ag's ability to connect farmers and Farmer Producer Organisations (FPOs) with buyers by providing payment security, ensuring transaction transparency, and improving market access.
The funds will be disbursed in a single tranche upon completion of necessary conditions precedent (CPs), and the commitment is for a period of seven years with amortisation beginning in the fourth year.
Arya.ag aims to transform India's grain commerce ecosystem and has raised a total funding of over $100 Mn till date.