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Agri financing picks up pace in fourth quarter as procurement begins SECTIONS Share Synopsis While the farmer protest had impacted agri-financing in the November-December period, it has now returned to normalcy, leading agri-financing companies said. The seven states of Rajasthan, Gujarat, Maharashtra, AP, UP, Punjab and Haryana account for the most demand for agri financing. Agriculture financing has picked up in the ongoing fourth quarter of fiscal 2021, as large processors, exporters and traders in paddy and groundnut have started procurement and pledge financing. Leading agri-financing companies said pledge financing for sugar too has picked up as the sector is set to witness higher production. ....
Agritech startup Arya Collateral raises $21 million in Series B round As part of the investment, Varun Malhotra, Principal at Quona Capital, will join the board of Arya. December 15, 2020 / 12:37 PM IST Noida-based agriculture technology startup Arya Collateral has raised $21 million through a mix of equity and debt as part of its Series B round. Washington-based Quona Capital led the equity investment,with existing investors LGT Lightstone Aspada and Omnivore. Multiple lenders provided additional debt financing to the company. In a statement, the startup said the funds would be used to expand financing to farmers through Arya’s embedded fintech arm Aryadhan and to strengthen its digital post-harvest services and market linkages platform A2Z Godaam. ....