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HomePosts Tagged "Arya.ag"
Agribusiness, Company News, Finance, India, Supply Chain, Warehousing

Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks.

Arya.ag, India’s only profitable integrated grain commerce platform, has partnered with Shivalik Small Finance Bank to provide vital financial assistance to farmers, agro-processors, and micro-enterprises. Through this strategic partnership, Arya.ag acts as a Business Correspondent for the bank, facilitating over 200 crores in warehouse receipt financing in the current financial year. The initiative significantly expands the bank’s reach, bringing essential funding to the agricultural ecosystem across India.

This arrangement demonstrates the power of banking-fintech collaborations, bridging the trust deficit within the agricultural ecosystem, particularly in rural India. Digital solutions like Arya.ag act as a conduit in regions where traditional banking infrastructure faces challenges. Partnerships like these democratise access to financial services, ensuring equitable pricing and a consistent supply of credit for farmers and Agri MSMEs.

A key factor driving the success of these models is Arya.ag’s commitment to digitising the entire agri-lending process, from application to disbursement. This streamlined approach ensures quick and easy access to financial resources, particularly for those who have traditionally been underserved by financial systems.

Commenting on this significant achievement, Anand Chandra, Co-founder of Arya.ag, stated, “Our partnership with Shivalik Small Finance Bank highlights our commitment to empowering farmers and MSMEs traditionally underserved by formal banking. This partnership offers assurance to financial institutions and creates a more inclusive ecosystem for small agri-stakeholders – a true win-win for all.”

Anshul Swami, Managing Director and CEO of Shivalik Small Finance Bank, added, “Our partnership with Arya.ag aligns seamlessly with our vision of focusing on underserved segments through digitally focused, affordable products. Arya.ag’s expertise and dedication have provided an additional layer of professional assurance at all levels, increasing our reach and market penetration at a never-before speed. Together, we are happy to make a difference in the lives of those who need it the most.”

These partnerships anchor their operations in the twin pillars of technological innovation and robust banking frameworks for the benefit of the smallest of stakeholders.

Paving the way for enhanced financial inclusion

Agrotech, Digital Technologies, India, Industry Reports / Analysis, IT

In the dynamic landscape of Indian agriculture, the dawn of smart farming technologies heralds a new era of innovation and efficiency. Recently, significant strides have been made in this sector, exemplified by Arya.ag’s, strategic partnership with Crystal Crop Protection Limited. This collaboration introduces a nationwide crop monitoring initiative powered by Arya.ag’s cutting-edge satellite crop monitoring tool, “Prakshep”. Such initiatives underscore India’s commitment to advancing agricultural practices towards greater productivity and sustainability, a commitment further reinforced in India’s Interim Budget 2024. Let’s look into more aspects related to the smart agriculture market in India.

India’s smart agriculture market is poised for remarkable growth, projected to achieve a compound annual growth rate (CAGR) of 13.38 per cent and is expected to garner a revenue of $886.21 million by 2028, according to insights from Inkwood Research. This trajectory is fuelled by several factors including the widespread adoption of the Internet of Things (IoT) technologies, advancements in analytics and supportive government initiatives. The segmentation of this market highlights various components and types, such as smart greenhouse systems, precision farming techniques, livestock monitoring solutions, and precision aquaculture methods.

Innovative technological solutions

One of the pivotal contributions of data-driven technologies to agriculture lies in the integration of AI-based sensors and IoT devices with farm machinery. This integration facilitates real-time monitoring and decision-making, empowering farmers with actionable insights to optimise crop yields and resource management. Arya.ag’s partnership with Crystal Crop Protection Limited exemplifies this approach, aiming to equip farmers across key Indian states with data-driven strategies for sustainable farming practices and enhanced yields.

Furthermore, collaborations like the one between Zuari FarmHub and CropX Technologies underscore the industry’s commitment to revolutionising farming practices through real-time monitoring and digital agronomic solutions. These initiatives not only enhance productivity but also underscore a broader commitment to sustainability in agriculture.

Government’s digital agri initiatives

In the Interim Budget 2024, the Indian government reaffirmed its commitment to digital agriculture by allocating Rs 450 crore for the Digital Agriculture Mission and an additional Rs 600 crore for the advancement of technology in the agriculture sector. Such financial support underscores the government’s recognition of the pivotal role that technology plays in transforming Indian agriculture.

Government’s initiatives, such as the “India Digital Ecosystem of Agriculture” plan and the National Agriculture Market (eNAM) online trading portal, further bolster the digital transformation of the agricultural sector. These efforts aim to create a more integrated market for agricultural products while leveraging technology to empower farmers and streamline trade processes.

In parallel, strategic partnerships between organisations like the United Nations Development Programme (UNDP) and the National Bank for Agriculture and Rural Development (NABARD) are instrumental in co-creating data-driven innovations to support smallholder farmers. Initiatives like DiCRA (Data in Climate Resilient Agriculture) offer invaluable insights into climate resilience, guiding public investments and policy frameworks to bolster agricultural sustainability.

To read more click on:https://agrospectrumindia.com/e-magazine

In the dynamic landscape of Indian agriculture,

Agribusiness, Agrotech, Company News, Digital Technologies, India

 Crystal Crop will focus 4 key states by utilising Arya.ag’s advanced satellite crop monitoring tool, “Prakshep”, which aims to provide in-depth insights into crop dynamics.

Arya.ag, India’s largest and only profitable grain commerce platform, has partnered with Crystal Crop Protection Limited, a pioneer in providing innovative crop protection, seeds and farming solutions. This partnership implements a PAN India crop monitoring initiative utilizing Arya.ag’s advanced satellite crop monitoring tool, “Prakshep”, which aims to provide in-depth insights into crop dynamics, empowering farmers with sustainable strategies to enhance farm productivity and income.

Crystal Crop Protection Limited aligns its data-driven decision-making processes with its strategic focus on key locations across India. Farmers in Rajasthan, Uttar Pradesh, Maharashtra, Haryana, Madhya Pradesh, Gujarat, Karnataka, and Tamil Nadu will utilise this initiative to ensure sustainable farm practices and better yields. These regions, integral to India’s agrarian economy, will receive special attention under this program. This long- term collaboration intends to evolve dynamically, adapting to the changing needs and challenges of India’s agricultural landscape.

Prasanna Rao, CEO and Co-Founder of Arya.ag, shares his vision for this collaboration, stating, “Our satellite crop monitoring solutions, powered by advanced AI and ML technologies, aim for a sustainable future. By harnessing Prakshep’s power, we intend to bring precision agriculture to farmers’ fingertips, empowering Agri-input organisations. This partnership signifies a significant step toward a more data-driven and technologically advanced agricultural sector in India, promising a productive future for our farmers.”

Crystal Crop Protection Limited, with its integrated operations spanning R&D, manufacturing, and extensive distribution networks, aligns seamlessly with Arya.ag’s mission to provide sustainable solutions to Indian farmers.

“Our collaboration with Arya.ag aims to embrace advanced technologies for the benefit of the agriculture sector. We aim to increase farm productivity and farmer income while promoting sustainable farming practices, cost savings, and improved decision-making for farmers across the nation,” said  Satyender Singh, CEO- Seeds at Crystal Crop Protection Limited.

This partnership stands as a testament to Arya.ag and Crystal Crop Protection Limited’s shared vision of a sustainable and technology-driven future for Indian agriculture. By unlocking the potential of Prakshep and incorporating Crystal Crop Protection’s expertise, the collaboration aims to contribute to a more resilient and prosperous future for farmers across the country.

 Crystal Crop will focus 4 key states

Agribusiness, Agrotech, Collaborations, Company News, Digital Technologies, India, Supply Chain

This partnership will help open newer avenues to increase its product visibility in African countries, fostering trust and collaboration with companies across the African continent.

As India continues to prioritise sustainable agricultural growth, Arya.ag, India’s largest & only profitable grain commerce platform enters into a strategic partnership with Fairgro Africa Limited, an agricultural company in Kenya. This strategic partnership aims to provide crop monitoring and digital integration in Kenya, through Arya.ag’s mobile application Aryashakti, ensuring transparency in all activities and quicker decision-making. This collaborative effort between Arya.ag and Fairgro Africa Limited is anticipated to yield far-reaching benefits for the agricultural sector in Kenya.

With Arya.ag digitizing a minimum of thousand acres of land and monitoring the entire crop cycle in the region, this partnership holds great potential to transform traditional farming practices and elevate the standards of agricultural efficiency for farmers in Kenya. Arya.ag’s application Aryashakti’s comprehensive support will also equip the Fairgro field team with a powerful tool for digital plot management, seamless communication and efficient resource planning ultimately contributing to enhanced productivity and sustainable agricultural development in Kenya.

This partnership will help open newer avenues to increase its product visibility in African countries, fostering trust and collaboration with companies across the African continent. The Aryashakti app will empower Fairgro Africa’s field teams, facilitating plot digitization, seamless communication and strategic resource management.

­Commenting on this partnership Anand Chandra, Co-founder at Arya.ag said, “This partnership is expected to have an impact on India’s influence on global partnerships. It will expand our product visibility in the international market, fostering trust and collaboration with companies across the African continent.”

Joshua Kiptoon, Strategic Advisor of Fairgro Africa Limited said, “We hope that Arya.ag will be instrumental in altering our operations in Kenya. The Aryashakti mobile application can empower our field teams, enabling transparent activities, expediting decision-making processes and significantly ease our work in Kenya, allowing us to streamline our efforts and resources efficiently.”

This visionary partnership between Arya.ag and Fairgro Africa Limited marks a significant milestone in fostering international collaboration, advancing agricultural technology, and promoting sustainable farming practices worldwide.

This partnership will help open newer avenues

Agrotech, Company News, Foodgrains, India, R&D, Start ups

Under this partnership Fortune Rice Limited will provide details of 2000 acres of farmland under monitoring and Arya.ag will provide comprehensive insights into crop health and growth patterns.

Arya.ag, India’s largest & only profitable grain platform, is proud to announce a strategic collaboration with Fortune Rice Limited aimed at advancing crop monitoring capabilities for the agricultural industry. This collaboration will leverage Arya.ag’s cutting-edge satellite surveillance product, combined with Fortune Rice’s expertise in agriculture, to enhance the monitoring and growth of paddy crops.

As part of this collaboration, Fortune Rice Limited will provide details of 2000 acres of farmland under monitoring. Arya.ag will provide comprehensive insights into crop health and growth patterns, empowering farmers, and agribusinesses with data-driven decision-making tools.

One of the key highlights of this collaboration is the integration of Arya.ag’s Artificial Intelligence and satellite surveillance solutions to enable access to rich datasets, detailed maps, and a secure application programming interface (API) designed to streamline data retrieval. This will facilitate real-time monitoring and analysis of their subscribed districts, villages and blocks, ensuring a deeper understanding of crop performance. This will enable early detection of anomalies in the monitored farmland and the required active measures in irrigation fertilisation and pest control to increase the operational efficiency and increased yield of the crop. Furthermore, this will be done through an user-friendly mobile.

“We are excited about our collaboration with Fortune Rice, which represents a significant step towards optimizing crop management,” said Anand Chandra, Co-founder and Executive Director of Arya.ag. “Together, we will transform the way farmers and agribusinesses monitor and manage their crops, ensuring food security and sustainable agricultural practices.”

Jai Kumar Gupta, Executive Director at Fortune Rice Limited, stated, “We are delighted about our collaboration with Arya.ag which represents a big step towards modernizing agriculture. Through this collaboration, we will be able to monitor and improve the performance of our paddy crops by utilising cutting-edge technologies. We hope to promote sustainable agriculture, assure food security and provide farmers with useful data-driven insights.”

Fortune Rice’s commitment to harnessing innovative technology aligns perfectly with Arya.ag’s mission to revolutionize agriculture through data-driven solutions. This collaboration marks a significant milestone in the journey toward a more sustainable and productive agricultural sector.

Under this partnership Fortune Rice Limited will

Agrotech, Company News, Finance, India, Start ups, Supply Chain, Warehousing

Arya.ag’s ledger has 3.2 million metric tons of commodities stored across 894 warehouses on the blockchain network.

Arya.ag, India’s largest and only profitable grain commerce platform, has launched agri loans on the blockchain. Warehouse receipt loans disbursed on its fintech arm and NBFC, Aryadhan, shall be processed on its blockchain to offer users absolute trust and transparency.

Arya.ag has tokenised commodities stored in its warehouses, and this development now enables it to board its disbursements on the blockchain. Arya.ag collaborated with Newrl, a decentralised trust network blockchain to develop this infrastructure.  For now, Arya.ag’s ledger has 3.2 million metric tons of commodities stored across 894 warehouses on the blockchain network. Through this initiative, Arya.ag is creating a world of faster, safer transactions not just for big business but, importantly, for smallholder farmers, too. This technology levels the playing field, giving them quicker, more secure access to the funds they need to thrive.

“Trust and transparency are key values for us at Arya.ag. Porting all disbursements on the blockchain while making payments in under five minutes will mark a significant leap in the efficiency of agri-lending services. The blockchain will ensure unprecedented visibility and assurance to control all physical risks in commodity storage and finance,” said Prasanna Rao, CEO of Arya.ag.

Partnering with 35 financial institutions, including banks and NBFCs, Arya.ag has emerged as a key player, managing 7.6 million tonnes of commodities with an AUM of 3 billion USD in the last financial year. “We look at collaborating with other lenders to move commodity-based warehouse-receipt financing onto the blockchain and improve the overall transparency, speed, and reliability of these transactions,” said Rao.

Navigating the agricultural lending landscape presents a fundamental challenge of establishing trust between the lender and borrower. Arya.ag solves for this through its blockchain. Arya.ag stands as the trusted custodian for every token generated, safeguarding against duplicate pledges and ownership conflicts. Upon a pledge, a smart contract initiates, allowing banks to assign a distinct identifier for the token lien. This procedure guarantees the exclusivity of each pledge while offering banks a consolidated view on all pledged commodities.

Moving the lending process to a blockchain would not only expedite transactions but also significantly enhance security and trust among participants. The decentralised nature of blockchain ensures immutable record-keeping, making the data transparent yet secure and virtually tamper-proof, thereby reducing fraud and errors. Additionally, such a move would standardise procedures and documentation, facilitating smoother interactions among various stakeholders in the commodity trading and financing sectors.

Arya.ag’s ledger has 3.2 million metric tons

Agrotech, Company News, India, IT, Pulses, Supply Chain

Arya.ag will help Commodities Control receive real-time insights into crop conditions of Toor in 28 districts of Gujarat, Karnataka, Madhya Pradesh & Telangana.

Arya.ag, India’s largest and only profitable grain commerce platform, announced its recent partnership with commoditiescontrol.com, owned by CC commodity info services LLP. Under this partnership, Arya.ag will provide comprehensive crop monitoring services to Commodities Control, a premier destination for in-depth commodity news, insights, and research in India.

Arya.ag’s advanced satellite surveillance product, Prakshep, will be instrumental in monitoring the health and progress of Toor crops in specified districts of Commodities Control. Through its state-of-the-art satellite imagery, Arya.ag will help Commodities Control receive real-time insights into crop conditions of Toor in 28 districts of Gujarat, Karnataka, Madhya Pradesh & Telangana.

Commodities Control will gain the ability to remotely scout its monitored districts, enabling them to detect anomalies and closely monitor farm growth. These valuable insights, including dynamic data, rich datasets, detailed maps, and comprehensive agricultural data, will be conveniently accessible through web and mobile applications provided by Arya.ag.

Commodities Control stands to benefit from a wealth of information. This data will be made accessible through enriched and secure APIs tailored to the subscribed districts, where cutting-edge artificial intelligence tools will be at the centre of this offering.

“This partnership with Commodities Control represents a step towards sustainable agriculture and responsible resource management. We provide them with the tools and insights they need to optimise their crop monitoring efforts. Our satellite surveillance technology and AI-powered solutions empower agri-stakeholders to make timely and informed decisions,” said Chattanathan D. of Arya.ag.

Arya.ag harnesses a multitude of data sources, spanning satellite imagery, weather information, market dynamics, and on-ground images. This comprehensive data ecosystem enables Arya.ag to monitor thousands of demonstration plots, track crop development, and identify both biological and environmental stress factors. As part of this partnership, Arya.ag will integrate farm and village analytics, offering users in-depth insights into farm performance. The data provided by Arya.ag will significantly elevate the quality of CC Commodities’ information services, enabling them to offer more comprehensive and insightful agricultural solutions.

“We are excited to formalise a partnership with Arya.ag through this venture, which marks a significant step towards modernising crop monitoring in the agricultural sector,” said Rajendra Daga, Managing Partner at Commodities Control. “Arya.ag’s advanced satellite surveillance technology and artificial intelligence tools will enhance our ability to monitor and manage Toor crops effectively. This partnership aligns with our commitment to providing state-of-the-art agricultural solutions and will greatly benefit stakeholders across the regions we serve.”

This partnership underscores both companies’ dedication to innovation and their shared vision of advancing agriculture through cutting-edge technology. As Arya.ag and Commodities Control join forces, they are set to make a positive impact on crop monitoring and agricultural management.

Arya.ag will help Commodities Control receive real-time

Agrotech, Company News, India, R&D, Seeds, Start ups

 This partnership aims to revolutionise seed research through advanced satellite surveillance and AI-powered technology.

 Arya.ag, India’s largest and only profitable grain commerce platform, announced its collaboration with Bioseed, a visionary player in the agriculture sector. This partnership ushers a new era in farm surveillance and data-driven decision-making with Arya.ag’s satellite surveillance product, Prakshep, combined with the power of Artificial Intelligence ‘VaMa’.

Bioseed’s subscribed farms are poised to benefit from Arya.ag’s state-of-the-art data-rich datasets, enriched APIs, and dynamic maps. This collaboration carefully informs how seeds perform in various agroclimatic zones and prepares a suitable package of practice, assuring the utmost quality and dependability of data outputs.

“This partnership underscores our steadfast commitment to harnessing satellite technology for climate resilience. Bioseed stands out in biotechnology, and we are happy to partner with them to offer data-driven insights through farm monitoring. Our unified vision is to empower farmers to make informed decisions and fortify them against climate uncertainties,” remarked Anand Chandra, Executive Director and co-founder at Arya.ag.

Arya.ag uses various data sources, including satellite imagery, weather data, market trends, and ground images, to monitor thousands of demo plots and observe crop growth and biotic and abiotic stress. As part of the partnership, Arya.ag will link farm and village analytics to provide users with in-depth insights into farm performance including, Vegetation Maps, Moisture Maps, Biotic Stress Maps, Abiotic Stress Maps, Nutrient Stress Maps, and targeted surveys for early control, irrigation management, and soil sampling locations.

“Arya.ag’s AI-driven platform, paired with our deep-rooted expertise in the agricultural field, promises a more informed future for Indian farmers. Physical Monitoring is often time-consuming and expensive, and there also exists a challenge of human bias. We are impressed with how Arya.ag has aligned their technology to integrate our strengths,” said Sreekanth Chundi, Executive Director & Business Head, Shriram Bioseed Genetics.

This collaboration aims to stir up the agri ecosystem through remote farm scouting, anomaly detection, and robust growth tracking using Arya’s web and mobile application. Arya.ag’s adherence to data privacy ensures that Bioseed’s sensitive farm data remains secure and private. A unified goal of technological development and sustainability in the agricultural industry results from the collaboration.

 This partnership aims to revolutionise seed research

Agrotech, Company News, India, Oilseeds, Start ups, Supply Chain

Partnership aims to revolutionise Soybean crop monitoring across 51 districts using advanced satellite surveillance and AI-powered technology.

 Arya.ag, India’s leading agritech platform has announced a strategic partnership with The Soybean Processors Association of India (SOPA) to enhance and streamline crop monitoring for Soybean across 51 districts. The collaboration will leverage Arya Ag’s cutting-edge satellite surveillance product, Prakshep, and its Artificial Intelligence “VaMa” powered by multiple data sources.

As part of the Memorandum of Understanding (MoU), SOPA will receive dynamic information, rich datasets, maps, and data-enriched secure APIs for their subscribed districts, spanning Madhya Pradesh, Maharashtra, and Rajasthan. The integration of Arya.ag’s state-of-the-art technology will enable SOPA to remotely scout its districts, detect anomalies, and track farm growth seamlessly through a user-friendly web/mobile application provided by Arya.

The partnership between Arya.ag and SOPA exemplifies the power of innovation and collaboration to impact India’s agricultural landscape positively. By utilising Arya.ag’s Prakshep and VaMa solutions, SOPA aims to enhance crop yields, facilitate data-driven decision-making, and drive sustainable agricultural practices.

“We are very honoured to become SOPA’s satellite surveillance partner.  Through this partnership, Arya.ag and SOPA would leverage deep tech capabilities for real-time monitoring of the Soybean crop across the country. Our satellite surveillance product, Prakshep, combined with the power of Artificial Intelligence ‘VaMa’, will empower SOPA to make informed decisions for strengthening the soybean value chain,” said Chattanathan Devarajan, Co-founder at Arya.ag.

“SOPA, as a leading association in the soybean processing industry, recognises the transformative potential of Arya.ag’s technology to drive efficiency and sustainability in agriculture. Arya’s promising technology will add value to SOPA’s crop surveillance report.  The collaboration promises to enhance crop productivity, optimise resource utilisation, and foster sustainable practices across the soybean value chain,” said D.N. Pathak, Executive Director at SOPA.

Partnership aims to revolutionise Soybean crop monitoring

Company News, India, People, Supply Chain

This appointment comes at a crucial juncture in Arya.ag’s journey to enhance user experience, optimise processes and drive innovation for leveraging advanced technologies.

Arya.ag, India’s largest and only profitable grain commerce platform, continues to solidify its leadership team with the appointment of Jatinder Alagh as the new Chief Technology Officer (CTO). He was working with Flipkart before joining Arya.ag.

Jatinder Alagh is Engineering & Product leader with more than 20 years of expertise in Design, Architecture and Delivery of large-scale systems that process millions of transactions.  He also has in-depth knowledge of diverse business domains ranging from e-commerce, Retail, Travel, procurement, Transportation, CRM, Back Office Applications, Chat Applications.

Prasanna Rao, Co-Founder & CEO, Arya.ag shared, “We are pleased to welcome Jatinder to our team as we work towards making agritech solutions affordable and accessible to the smallest of stakeholders through Arya. ag. We are confident that his extensive experience and strong engineering background will empower him to lead the tech team effectively as we build India’s most comprehensive integrated digital platform.”

The appointment of Jatinder Alagh as the CTO comes at a crucial juncture in Arya.ag’s journey to enhance user experience, optimise processes and drive innovation for leveraging advanced technologies, furthering the organisational aim to empower all stakeholders in the ecosystem.

“Agritech is an exciting space with immense potential. In my new role, I will strengthen Arya.ag’s position as a technology-led organisation and build teams to propel its growth as the country’s largest and most profitable Agritech. I look forward to working with the team and, more importantly, creating a tech environment that completely aligns with the business’ vision and mission,” shared Jatinder Alagh on his appointment.

Purple Quarter, a leading executive search firm, played a pivotal role in facilitating this strategic appointment.

This appointment comes at a crucial juncture

Agrotech, Company News, Finance, India, Schemes - Banks, Start ups, Warehousing

With this partnership, Arya.ag, will further its mission to drive financial inclusion for farmers and FPOs and offer loans.

Arya.ag, India’s largest and only profitable grain commerce platform at scale, has announced a strategic partnership with Shivalik Small Finance Bank – a scheduled commercial bank in India. With this business correspondent model partnership, Arya.ag, will further its mission to drive financial inclusion for farmers and FPOs and offer loans through Shivalik Small Finance Bank under Warehouse Receipt Finance.

To bridge the trust deficit in the ecosystem, Arya.ag partners with various financial institutions to offer loans to small and marginal farmers including women, who fall out of the consideration of formal banking.

“We at Arya.ag are thrilled to announce our partnership with Shivalik Small Finance Bank. Shivalik Small Finance Bank’s innovative technology-focused vision and their dedication to serving smallholder farmers perfectly align with our core objective of building trust and transparency in the agricultural value chain. Our collaboration will not only strengthen our ability to promote equitable growth in agriculture but also offer more opportunities for the smallest stakeholders to access financial resources and drive positive change in the industry” said Anand Chandra, Co-founder of Arya.ag, regarding the partnership.

“In line with our vision to focus on small and underserved segments through the delivery of digitally focused, affordable products and differentiated customer experience, partnership with Arya.ag will enable us to stay connected with the farmers directly. Arya.ag’s digitized processes, AI enabled systems and customized solutions it offers us the additional layer of professional assurance we require at all levels.” said Anshul Swami, MD & CEO Shivalik Small Finance Bank.

In today’s landscape, the adoption of high-tech banking capabilities is more crucial than ever to meet the needs of a rapidly changing industry and diverse borrower base.  Alliances like these enable ease of business for seamless lending processes, more efficient operations for end-users, and create new opportunities for digital engagement.

With this partnership, Arya.ag, will further its

Agrotech, Company News, Finance, India, Start ups, Supply Chain, Warehousing

With unique Fintech service offerings for smallholders, the firm records over 4X growth in loan disbursals

Arya.ag, India’s largest and only profitable agritech platform at scale, announced its milestone of crossing Rs 1000 crore worth of loan disbursals in a single year through its fintech platform – Aryadhan. With the objective of providing ‘financial inclusion through ease of finance’ to smallholders, Arya. ag’s built-in digital capabilities support their immediate liquidity requirements, enabling a good harvest season.

Over the last 3 years, Arya.ag has been able to grow its loan disbursals from Rs 281.63 Cr in FY 2021 to Rs 1015.76 crore FY 2023.

The core of Arya. ag’s strategy lies in digitizing stored produce into an electronic balance that can be stored, offered as security for a loan, or sold at the click of a button. Borrowers can then avail of a loan on their produce without the need to sell it to generate cash flows with Arya. ag’s first-of-its-kind single-click agri loan, Insta-Loan. Seamless facilitation of credit also helps de-link farmers from non-institutional sources where they are compelled to borrow at steep interest rates.

Arya.ag also provides loans to Farmer Producer Organisations, Arya Mitr, with a Line of Credit to make quick and hassle-free payments to their farmers and input suppliers for any transactions. Arya. ag’s technology stack built on IoT, analytics, AI, and ML, enables minimal transaction costs and an expedited turnaround time (TAT) for loan disbursements, making it a valuable offering for smallholders and FPOs (Farmer Producer Organizations) who can fend off all distress and maximise the value of each grain.

Anand Chandra, Co-Founder, Arya.ag says, “Our objective to attain cohesiveness between agricultural value chains, cutting-edge finance and technology to create a highly scalable offering continues to be our driving force. Our growth and profitability have further motivated us to reimagine the ecosystem. This milestone is a recognition of our efforts to further the financial inclusion of farmers into the formal economy.”

With its unique phygital model, Arya.ag has been more relevant in near farm locations where banks are largely averse to lending, citing risk considerations. Its unique value proposition continues to find increased relevance amongst Agri stakeholders. More than 98 per cent of all loans on Arya.ag are disbursed digitally, and the portfolio remains impeccable with near-zero NPAs.  Arya.ag has also launched a first-of-its-kind public agri blockchain ledger and is now in the process of moving its loan operations onto the blockchain.

With unique Fintech service offerings for smallholders,

Agrotech, India, Start ups

Company’s assets under management of over 15000 crore make it India’s largest grain commerce platform

Arya.ag, India’s fastest-growing integrated grain commerce platform, has announced a four-fold jump in profits H1FY23 revenues. The company reported a profit of 14.38 crore, an increase over its last year’s base 3.86 crore. These profits have been driven by a six-fold increase in gross revenues in the same period. The platform has an assets under management (AUM) of over 15000 crore making it India’s largest grain commerce platform. 

Arya.ag holds the unique distinction of being the only profitable agritech in the country, in a scenario where startups have seen significant burn and reported large losses. Arya.ag has been able to develop a resilient and scalable model built on profitability.

Noteworthy developments for Arya.ag during the period under consideration include – Acquiring stake in computer-vision startup, Assert AI, Acquisition of agriculture data science company, Prakshep, launch of Insta-loan services that enable the farming community to avail loans instantly against their stored commodity at Arya.ag’s intelligent warehouses through tech-led digital linkages, Introduction of pioneering Insta-Release services that allow farmers to gain complete control of their farm produce immediately upon repayment of loans. 

Anand Chandra, Executive Director and Co-Founder, Arya.ag said,“As India’s largest agritech platform, we have been able to establish unprecedented relevance of our services to the Agri ecosystem. By solving for the end-to-end needs of our customers through integrated services, we have been able to create a highly scalable and profitable model”.

Company's assets under management of over 15000

Company News, Finance, India, Start ups, Supply Chain

Assert AI to utilise the funds to expand into new markets and develop exclusive products for the agriculture industry.

 Arya.ag, India’s largest integrated grain commerce platform, has announced a strategic investment in computer vision-focused SaaS startup Assert AI. The development is part of Assert AI’s latest fund-raise amounting to $2 million and involved participation from Prashant Purker, Ex- MD & CEO of ICICI Venture, in his personal capacity.

Assert AI aims to utilize the funds to expand its presence overseas in the USA market and develop exclusive products for the agriculture industry. Computer Vision is rapidly assuming prime business consideration with the increasing demand for insights-driven digital images and videos.  This strategic investment aims to strengthen Arya.ag’s blockchain offerings and AI & deep tech vision for unprecedented visibility and assurance for its storage, financing, and commerce offerings.

Assert AI has already established itself as a formidable name in computer vision with offerings that include face recognition, object detection, weapon detection in high-risk areas, docks utilization, packet counting in warehouses, and safety gear detection, among others. Under this context, Assert AI aims to have a unique proposition in translating computer vision analytics into actionable business intelligence for businesses of all sizes.

On the development, Job Philip, Co-Founder, Assert AI commented, “Digitization and related proliferation of video, as well as other forms of the visual medium, is on an ever-increasing exponential curve. The need of the hour is to transform observations from these mediums into actionable business insights and ensure that this is executed in real-time. The latest round of funding furthers our resolve to continue pioneering innovation in the visual analytics landscape and expand its reach to large untapped segments, including agriculture.”

Prasanna Rao, Co-Founder & Managing Director, Arya.ag said, “At Arya.ag, we endeavour to digitize an otherwise conventional agri value chain. Tech-led computer vision ensures complete assurance for farmers, lenders, and buyers as they transact on our platform. Through our strategic investment in Assert AI, we aim to consolidate our AI & Blockchain offerings. This partnership will work towards conceptualising and innovating computer vision solutions specifically for the agricultural ecosystem.”

For Arya.ag, investment in Assert AI follows the startup’s recent move to acquire data science company, Prakshep, which consolidated the company’s deep tech capability to provide traceability, transparency, and quality assurance for seamless commodity commerce. Arya.ag is also in the advanced stages of introducing a first-of-its-kind public agri blockchain ledger in the country.

Assert AI to utilise the funds to