Arya.ag secures $30 million debt from HSBC India, backed by GuarantCo

Grain commerce platform Arya.ag said on Thursday that it has secured $30 million in debt from HSBC India, backed by GuarantCo.

Part of the Private Infrastructure Development Group, GuarantCo has provided two partial guarantees to HSBC India to extend ₹250 crore ($30 million) loan facility to Arya.ag.

The proceeds of the transaction will be used to provide post-harvest liquidity to farmers, farmer producing organisations (FPOs) and small agri-enterprises, to bring them under the formal banking channel, which, in turn will help the farmers to unlock greater value for their crops, said Prasanna Rao, co-founder and CEO, Arya.ag.

Arya, which aggregates about 3 per cent of the grains produced in the country through its platform, is also gearing up for an IPO by FY27. “In two years from now we think we will be absolutely ready for an IPO,” Rao said.

The $30 million debt to Arya is GuarantCo’s first transaction in the agricultural sector in India, with a strong focus on financial inclusion and climate resilience.

Financial inclusion

Arya.ag, which has a footprint covering about 60 per cent of the districts in the country, supports the financial inclusion of farmers by offering farmgate-level storage, instant finance against commodity, and market linkages for seamless commerce. This allows farmers, FPOs and agri-enterprises to avoid distress sales immediately post-harvest when prices are at their lowest, by storing commodities until off-season when prices appreciate to often generate 20-30 per cent higher returns. Arya has also been supported by a Technical Assistance grant from the PIDG Trust.

Nishant Kumar, Managing Director, Asia Investments at GuarantCo and Head of Coverage – Asia at PIDG, said, “The transaction is expected to provide added market transformation value as replication of Arya’s integrated value chain would enhance the resilience of the domestic post-harvest market. GuarantCo, through the PIDG, continues to seek out opportunities to increase economic impact and empower lower-income communities to deliver against the UN’s Sustainable Development Goals in alignment with the PIDG 2030 strategy”.

Anand Chandra, Co-Founder and COO of Arya.ag, said, “Partnering with GuarantCo and HSBC India expands our ability to connect farmers, FPOs, and agri-enterprises to vital resources while driving trust and transparency through technology. GuarantCo’s support underscores the transformative power of our integrated model that drives secure storage, accessible financing, and transparent market linkages beyond traditional reach shaping a more efficient and inclusive agricultural ecosystem.”