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HomePosts Tagged "Arya.ag" (Page 2)
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

Agrotech, Company News, India

The project will help develop the potential of the rural and semi-urban communities

United Nations Development Programme (UNDP) has selected Arya.ag and Friends of Women’s World Banking, India (FWWB India) as partners for implementing enterprise promotion and value chain interventions in agriculture and allied activities. The partnership aims to create a cadre of community resource persons for mentoring and supporting entrepreneurs and promoting individual and group enterprises by December 2023. The blueprint of Project Excel includes building a team of sourcing managers to implement value chain interventions and establish market and credit linkages through collectivization. As part of this partnership, Arya.ag will build on farmers’ collectives to effectively manage the post-harvest process and develop the agriculture value chain of the producer group.

UNDP is implementing Project Excel in Jamnagar and Dwaraka Devbhumi districts of Gujarat to improve the incomes of 10,000 households through enterprise promotion, agri-value chain interventions, skilling, employment and social protection. Arya.ag and FWWB India will work extensively to strengthen agri value chain and build an entrepreneurship ecosystem. They will enable deeper engagements with knowledge partners that positively impact the livelihoods of millions of small farmers and women from the under-served communities of Dwarka Devbhumi and increase their income.

Arya.ag will provide its platform for the farmer collectives and FPOs to showcase their produce on its marketplace. Farmers will benefit from the economies of scale and synergies provided by the company’s vast, integrated ecosystem of services, including quality inputs, commercial support, farm advisory and management tools, affordable credit, and capacity building. Through collectivisation, they will help farmers in the villages establish market and credit linkages. FPOs, who have farmers as the shareholders, would leverage economies of scale, reducing production costs and enhancing farmers’ incomes. Arya.ag’s dedicated agritech initiatives solve traceability and transparency issues and give quality assurance for seamless commodity commerce.

FWWB India will focus on the development of entrepreneurship among villagers. It will support youth and women’s economic empowerment through setting up demand-driven micro and nano enterprises. This partnership is to create a conducive business environment with end-to-end solutions consisting of training and technical support, capital and market linkages, and skill enhancement support, empowering women and ensuring a sustainable income at the individual and collective level.

The overall aim of this project is to develop the potential of the rural and semi-urban communities and provide them with the opportunities to enhance their livelihoods in sectors like agriculture, dairy, poultry, handloom, goat rearing and handicraft, etc. The project will also help build their managerial capabilities and provide stronger market linkages.

The project will help develop the potential

Company News, Finance

Arya.ag records over 3X growth on its digital agri-lending book in the last 6 months

Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, today announced crossing the distinct milestone of reaching the Rs 500 crore book outstanding on its embedded fintech platform, Aryadhan.

This feat is propelled by Arya.ag’s indigenously built digital capabilities, which have been customised for simplified and optimum use by smallholder farmers and farmer producer organisations (FPOs). With immediate access to finance, farmers, FPOs, and other stakeholders in the value chain can tide over any liquidity requirements and fend off any distressed sale scenarios after harvest.

Arya.ag’s technology stack built on IoT, analytics, AI, and ML enables minimal transaction costs and lower interest rates for borrowers while expediting the turnaround time (TAT) for loan disbursements. Today, Aryadhan is the largest NBFC in Warehouse Receipt Finance (WRF), distinguished by its deep outreach to farmers and FPOs. Its unique phygital model is especially relevant in near farm locations where banks are largely averse to lending citing risk considerations.

Arya.ag’s value proposition continues to find increased relevance with Agri stakeholders. The platform saw a sharp rise in its loan book from INR 142 crore in December 2021. Having disbursed over Rs 1200 crore so far, the platform has managed to maintain immaculate asset quality with near-zero NPA levels.

Recently, Arya.ag further consolidated its bouquet of digital lending offerings by introducing industry-first and revolutionary Insta-Loan and Insta-Release products. Arya.ag’s Insta-Loan allows a farmer to avail a loan instantly against her stored commodity at her discretion from the comfort and convenience of her home. The Insta-Release product enables farmers to have immediate access to their stocks upon payment of loans for further sale. Today, in a market that is adapting to digital solutions, 98 per cent  of all of Arya.ag’s loans are released digitally.

Arya.ag records over 3X growth on its

Agrotech, Start ups, Warehousing

Latest move enables Arya.ag to attain grain traceability from store to farm

Arya.ag today announced the acquisition of agriculture data science company, Prakshep. With this acquisition, Arya reinforces its position as India’s largest integrated grain commerce platform and further its tech capabilities to provide end-to-end solutions to its users. This acquisition helps to bolster Arya’s vision of bringing cutting edge AI/ML capabilities to farm digitization, crop monitoring, quality assaying and surveillance. This acquisition will help Arya to further deepen its relationship with other agri-chain stakeholders like FPOs, processors and corporates, banks, and insurance companies.

Arya.ag connects sellers and buyers of agriproduce, providing complete assurance on quantity, quality and payments. The distinct digital offerings of Prakshep will add to Arya.ag’s deep tech capability to provide traceability, transparency, quality assurance for seamless commodity commerce.  Arya.ag will now hold the largest database in agriculture adding farm details including boundaries, crop activities, health and yield valuation to its existing repository of storage and grain value chain database.

Arya.ag is currently developing India’s first public agri blockchain ledger. Prakshep’s deeptech experience and expertise will add further farm level integration and preload extensive historical farm activity data to Arya.ag’s blockchain ledger. Arya.ag promises to provide complete visibility and traceability of the commodity right from the producers’ field and build complete assurance for all stakeholders in the agri-value chain.

Prasanna Rao, Arya.ag’s MD & Co-founder said, “Leveraging our technology stack, we have already created a digital identity for over 10000 warehouses across India on Arya.ag and have built in transparency at all levels from aggregation to storage, finance, and commerce. Under this context, Prakshep’s tech-led proposition finds a natural fit as it enables a digital identity for every grain that traverses the value chain and builds in transparency in terms of where it was grown and the journey it has made. The aligned values of sustainability, climate smart agriculture and inclusive economic growth has brought us together.”

Avijeet Singh, Prakshep’s CEO commented, “The transformation brought about by digital technologies in the conventional agriculture ecosystem while seemingly overwhelming has just scratched the surface. Arya as a market leader provides us with an opportunity to create an impact in the lives of our small holder farmers on a much larger scale and value. Through this partnership, we will be able to provide our users many more new offerings based on data, scientific research and analytics creating trust and transparency in all our transactions.”

Latest move enables Arya.ag to attain grain

Agrotech, Foodgrains, Warehousing

Integrated services spanning warehousing, lending and marketplace over its digital platform continues to be game-changer for Arya.ag

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 a grain AUM of USD 1.1 Billion bolstered by a rapid surge in commerce volume with Gross Transaction Value (GTV) run rate of USD 270 million. H2 of FY22 recorded a phenomenal 4X rise in commerce volumes over H1 on the platform with take rates strengthening by over 2X. During the year, the platform saw large adoption of its structured trade solutions by varied entities spanning across farmers, FPOs, millers and agri-corporations.

The embedded digital lending business on the platform hit the milestone of Rs 100 crore or USD 13.3 million, of loan disbursement amount in the month of March 22 alone. The platform saw a 2X rise, to close the year at USD 65.0 million 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 percent.

Apart from lending through its own balance sheet, the platform collaborated with over 25 Banks and FIs to help them disburse Rs 2000 crore or USD 265 Million of secured loans in the last fiscal, a growth of over 3X in the collaborated lending book. The year also saw Arya.ag raising series C funding to the tune of USD 60 million 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 organisations. 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.”

Integrated services spanning warehousing, lending and marketplace

Agrotech, World

Arya.ag will conduct business in alignment with UN Global Compact Network India

Arya.ag has joined the United Nations Global Compact India thereby voluntarily conforming to universal sustainability principles and taking steps to support UN SDGs. Within the agritech ecosystem in India, Arya.ag is among the pioneers to proactively embrace this globally coveted framework.

The United Nations Global Compact is an evolved framework of Corporate Governance driven sustainability that requires members to conduct business conforming to 10 principles encompassing elements such as human rights, labour, environment, and anti-corruption. Furthermore, members are required to take action to achieve SDG 2030.

The world’s largest corporate responsibility initiative, UNGC has over 16000 companies and 3000 non-business signatories across 160 countries through over 70 local networks. The India Network, UN GCNI presently has around 550 participating organisations.

Prasanna Rao MD, Arya.ag said, “At Arya, we propagate solutions that are sustainable to the ecosystem and inclusive for communities. Conforming to benchmarks of the coveted UN Global Compact program validates our efforts and nudges us forward towards a more inclusive and purposeful organisation. We aim to set newer reference points in the agritech space on aspects related to sustainability.”

Aseem Kumar, Executive Director (Officiating), UN Global Compact Network India commented, “As part of the One UNGC family and acting as its local arm in India, we take immense pride in the work that we are fortunate to be doing to achieve SDGs and driving Sustainable and Responsible Business Practices. We firmly believe in the power of partnerships and collaborations at all levels as the key enabler to pursuing the Goals. We are pleased to welcome ARYA.ag as our latest member organisation and are confident of driving much-needed CHANGE with their support.”

Arya.ag will conduct business in alignment with

Agrotech, Finance

Insta-Release aims to empower farmers with quick access to their farm produce for value optimisation upon repayment of loans

Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, has recently announced another industry-first, Arya’s Insta-Release – One Click Loan Repayment and Commodity Discharge. Leveraging its technology stack, Arya.ag has been able to optimise its release process to happen within seconds – which otherwise by current industry standards takes over 24 hours to a week.

Agricultural market prices are quite dynamic. The platform’s Price Intelligence mechanism combined with immediate access to the farmers’ stocks – loaned and otherwise, enables them to make prompt & informed decisions on commodity sales. With Arya’s marketplace search engine that connects sellers to buyers across the country and its embedded logistics service, users can now seamlessly reach buyers in no time.

The launch of innovative Insta-Release services aims to empower farmers to immediately optimise their farm produce upon repayment of loans. Insta Release leverages Arya.ag’s pioneering integrated digital platform and allows the farmer to gain complete control of her farm produce immediately upon repayment of loans – all this at just click of a button. Apart from convenience, the Insta-Release offering drives home transparency, efficiency and ease of Arya.ag’s integrated service offerings to farmers.

To release stocks, registered customers can log on to their dashboard, choose how many bags of funded or non-funded bags they wish to release. Once they select the quantity, the platform instantly generates details of the rent and loan outstanding accrued against those bags. A user can pay instantly on the platform to receive the Release Order in a matter of seconds.

Anand Chandra, Arya.ag’s co-founder, said, “Our endeavour at Arya.ag is to align the supply and demand in a secure yet mutually beneficial proposition. We recognise that reduced turn-around-time and lower transaction costs benefits all stakeholders; however immediate payments benefit small-hold farmers, and immediate delivery of stocks is critical for buyers”.

 Arya.ag’s Insta-Release leverages AI, ML, IoT to deliver an enriching experience to end-users. Instant loans, online payments and instant release of commodities ensures that agri-commodity becomes a powerful tool in the hands of the producer.

Insta-Release aims to empower farmers with quick

Finance, Start ups

Arya.ag targets Rs 1000 crore loan disbursal in FY23 under its Insta-Loan product

Arya.ag, India’s largest integrated grain commerce platform,has announced first-of-its-kind single click Agri Insta-Loan for the farming community across India.  Arya.ag’s Insta-Loan will enable immediate and easy access to loans to users on its digital platform. With this revolutionary launch, a farmer can avail a loan instantly against her stored commodity at her discretion & choice from the comfort and convenience of her home.

The integrated digital platform leverages the best of capabilities of AI, ML, IoT and overall new-age digital technologies, to convert each bag of farm produce stored in Arya.ag’s digitally enabled warehouse into an electronic balance.  An automated decisioning engine on Arya.ag offers finance against this electronic balance in a few clicks. Seamless and smooth access to loans empowers small farmers as they can fend off any distress sale scenarios after harvest.

With immediate access to finance, smallholder farmers and other stakeholders in the value chain can tide over any liquidity requirements. This shall empower farmers to optimise the value of their farm produce.

An earlier appeared RBI report pegs that just about 40 percent of Indian farmers are covered by formal credit. Arya.ag’s Insta-Loan will address the pertinent problem of lack of adequate access to finance faced by Indian farmers.

Chattanathan Devarajan, Arya.ag’s co-founder, said, “The scope of agritech players in enhancing the agri-chain ecosystem in India is enormous. At Arya.ag our focus is to empower the country’s farmers by maximizing the value of their farm produce. We enable this through an end-to-end integrated, full stack solution spanning digitally enabled warehouses, embedded finance and commerce solutions, all delivered using our tech-led digital platform. Our latest offering, Insta-Loan, is designed to comprehensively provide farmers instant access to loans.”

Arya.ag targets Rs 1000 crore loan disbursal

Agrotech, Finance

Arya.ag aims to fasten march as the country’s largest farming community focussed fintech player

Arya announced a tie-up with leading NBFC ,MAS Financial Services to offer agri-finance to farmers with a specific focus on small farmers and FPOs. The services will be offered by Arya.ag’s lending services arm, Aryadhan Financial Services.

The alliance will leverage Arya.ag’s digital technologies-led customer interface that enables a seamless and intelligent new-age end-user experience delivered over the fintech platform. Arya.ag’s distinct near-farm gate integrated offering, spanning storage solutions, digital lending and digital marketplace, works as the ideal platform for small & marginal farmers otherwise deprived of access to financial services.

Initially, the tie-up will offer digital lending services delivered over Arya.ag’s platform, to farmers in Maharashtra, Gujarat, Rajasthan and Madhya Pradesh. With this tie-up, Arya.ag & MAS Financial Services are aiming to achieve Rs 100 crore co-lending portfolio with new-age digital technologies driving this enablement. For borrowers, the eventual benefit is in the form of at competitive costs and hassle-free loan processing with technology at the back end taking care of all inter-financier transaction requirements.

The company is also in discussion with various banks for co-lending arrangements as it aims to serve as the biggest fintech platform in the agri-space with a win-win proposition for both recipient farmers and Banks which presently face challenges in reaching out to rural India with limited connectivity.

Arya.ag aims to fasten march as the