Arya.ag Reports Four-Fold Jump in Profits in H1FY23

The platform has an AUM of over 15000 crores making it India’s largest grain commerce platform. The increase in profitability can be attributed to its distinct ability to layer multiple services on the exact grain of the same customer.

The platform enables the farmer to store her produce immediately after harvest, to avoid distress sales. It embeds finance on the exact stored grain through its fintech engine, and when prices improve in the post-harvest period, it helps the farmer sell the produce by connecting her to many buyers. It earns revenues at each step, with the cost decreasing. The platform has seen unprecedented profits.

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 developed a resilient and scalable model built on profitability.

The gross revenues reached INR 622 crore for the half-year fiscal period that ended September 30, 2022, and its gross trade value also increased a phenomenal 5X compared to a year-ago period. The digital lending arm crossed the INR 350 crore mark with negligible NPAs growing at almost 2X on a yearly comparison.

This also makes Arya.ag the largest platform for post-harvest finance. In terms of subscriber acquisition, the Agritech start-up retained its accelerated momentum to scale it to over 15000 subscribers for all its three integrated services: intelligent warehousing, digital lending, and digital market linkages.

Noteworthy developments for Arya.ag during the period under consideration include:

• Acquiring stake in a computer-vision start-up, 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 the end-to-end needs of our customers through integrated services, we have created a highly scalable and profitable model.

Another of Arya.ag’s unique capabilities have been the tech-led approach towards consolidating and enriching its value proposition to end-users. The start-up is in the advanced stages of introducing the country’s first-of-its-kind public Agri blockchain ledger.