Arya.ag, India’s largest 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 start-up’s position as India’s largest and fastest-growing agritech player.
For the fiscal year gone by, Arya.ag closed with grain assets under management (AUM) of $1.1bn bolstered by a rapid surge in commerce volume with a Gross Transaction Value (GTV) run rate of $270mn. H2 of FY22 recorded a phenomenal four-time rise in commerce volumes over H1 on the platform with take rates strengthening by over twice. During the year, the platform saw large adoption of its structured trade solutions by varied entities spanning across farmers, farmer producer organizations (FPOs), millers and agri-corporations.
The embedded digital lending business on the platform hit the milestone of Rs 100 crore ($13.3mn) of loan disbursement amount in the month of March 22 alone. The platform saw a double rise to close the year at $65mn 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 optimizes the lending process and end-user experience in gaining access to financial services. The adoption rates were in excess of 90 per cent.
Apart from lending through its own balance sheet, the platform collaborated with over 25 banks and financial institutions (FIs) to help them disburse Rs 2000 crore or USD $265mn of secured loans in the last fiscal, a growth of over three times in the collaborated lending book.
Based on its unmatched, integrated offerings spanning digital warehousing, digital lending and digital marketplace, Arya.ag by the end of FY22 further consolidated its position as the country’s largest agritech player with the unique distinction of being the only profitable player in the industry.
The year also saw Arya.ag raising series C funding to the tune of $60mn with investors now comprising Asia Impact SA, Lightrock India, Quona Capital and Omnivore.
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 organizations. 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.”