Agritech startup Arya.ag has raised Rs 242.36 crore approximately ($29.2 million) from existing investors. This is the first round of investment for the Noida-based company since January 2022.
The board Arya.ag has passed a special resolution to issue 53,695 CCPS at an issue price of Rs 45,137 each to raise the aforementioned sum ($29.2 million), its regulatory filing accessed from the RoC shows.
The company has received Rs 134.46 crore from previous backers: Asia Impact and Quona Capital through Quona Blue Earth and Accion Quona.
As per TheKredible estimates, the company has been valued at around Rs 2,700 crore or $325 million (post-allotment). The firm may raise more funds and the valuation will vary accordingly.
Arya.ag has raised around $110 million to date including $60 million in Series C round led by Asia Impact SA, Lightrock, and Quona Capital in 2022.
SOURCE : ENTRACKR
