Arya raises $6 million in pre-Series B funding

Agri publish-harvest products and services platform Arya on Wednesday reported it experienced lifted $6 million

Agri publish-harvest products and services platform Arya on Wednesday reported it experienced lifted $6 million (about ₹43 crore) in pre-Sequence B funding from venture money organization Omnivore and existing trader LGT Lightstone Aspada.

The organization options to use the funding to accelerate the advancement of their agri storage network, build their guide in warehouse receipt funding, and lay the foundations of a pan-India agri warehousing market, the organization reported in a assertion.

Arya options to start its Sequence B fundraising spherical by mid-2020.

“Omnivore’s coming on board will fortify our future generation do the job to further enhance efficiencies in the publish-harvest ecosystem,” Arya CEO and Co-founder Prasanna Rao reported.

LGT Lightstone Aspada experienced previously invested in Arya’s Sequence A spherical in December 2016.

Based out of Delhi, Arya presently manages about two.five million tonnes of agri commodities in its 1,400 warehouses. Also, all over 75 per cent of its warehousing potential is located in principal and secondary marketplaces.

Arya is also launching a rural storage discovery platform aiming to build a pan-India agri warehousing market. Right up until 2013, Arya was element of the JM Baxi Team.