By Your AgriStory 
Noida based Agritech and warehousing platform Arya.ag has secured Rs 250 crore or $30 million debt facility in collaboration with HSBC and GuarantCo, a financial institution under the Private Infrastructure Development Group (PIDG).
GuarantCo, funded by governments of the UK, Switzerland, Australia, and Sweden, provided two partial guarantees to HSBC India for the loan given to Arya.ag.
Founded in 1982 by Prasanna Rao, Anand Chandra and Chattanathan Devarajan.
Arya Collateral Warehousing Services Pvt Ltd provides post-harvest services including warehousing, warehouse receipt financing, rural storage discovery, collateral management, and market linkages.
The funds will go toward supporting warehouse receipts and closing the gap in payments between buyers and farmers. “We’re creating trust by stepping in to pay sellers on behalf of buyers, ensuring a seamless transaction cycle,” Rao said.
“This partnership is unique in many ways,” said Prasanna Rao, Arya.ag‘s CEO and co-founder, at the announcement.
“This is GuarantCo’s first-ever deal in the Indian agritech sector and their first partnership with HSBC. With the funds, we will be able to expand our offerings and help farmers avoid distressed sales while securing better rates for their produce.