Seven-year-old Arya said … it has raised $21 million in its Series B financing round. The round was led by Quona Capital, a venture firm that focuses on fintech in emerging markets. Existing investors LGT Lightstone Aspada and Omnivore also participated in the round, while multiple unnamed lenders are providing additional debt financing to the startup, Arya said.

[The] Noida-based startup is working with all the stakeholders — farmers, food processors, traders and financial institutions — to bridge this post-harvest services gap…

— Techcrunch

Algo Legal advised Quona Capital led by a team of partner Abhinav Bhalaik, with lawyers Mayank Jhunjhunwala, Shubham Barua, Shashank Sharma, Anukriti Goswami, Praveen Hegde and Shilpi Agarwal.

2020-12-01

Deal value: $21m

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