Arya Collateral launches A2ZGodaam, an aggregator business model to locate agro-warehouses
Omnivore and Lightstone Aspada, backed by post-harvest agro-tech start-up Arya Collateral, launched A2ZGodaam, a comprehensive one-stop digital platform for research, discovery and execution of warehousing for farmers , FPOs, companies and other stakeholders such as traders and small aggregators.
A2Zgodaam was launched on August 17 via Zoom with panelist Anand Chandra, Executive Director of Arya, Prasanna Rao, Managing Director of Arya Collateral Management Services, Ashis Mondal, Vaidhei Ravindra, Chattanathan D., Anoop Mohota, Vijay KP, Jinesh Shah as well as with media panelist Pritam Kashyap, Lakshmi, Tanya Chaudary and others.
The platform aims to enable farmers and their organizations to break free from the tedious activity of accessing warehouses, finance and other post-harvest services. For businesses and other private actors, the technology platform facilitates an end-to-end process for warehousing agricultural products.
Anand Chandra, Executive Director of Arya, said: “On this Independence Day, we are helping the backbone of our company become independent from the rigid and complex system of post-harvest storage services. The inclusion of technology in the system is crucial. Warehousing and storage of commodities cannot be a stand-alone offering.
He added that “Besides democratizing the agricultural storage infrastructure available in the country, a unique proposition offered by A2ZGodaam is the integration of the platform with other ancillary services as well as financial and commercial links. The service will help all users to have a seamless experience when it comes to warehousing and other post-harvest services. ”
This simple, integrated, and easy-to-use platform helps users choose ancillary services such as warehouse management, finance, transportation, labor, quality testing, and asset preservation services. products, thanks to a robust, technology-driven back-end ecosystem.
It also allows users to sell their products stored on the platform by accessing multiple buyers across the country with full quality assurance.
A2ZGodaam plans to democratize the agricultural storage infrastructure available in the country by communicating discovery and transparency. It enables all stakeholders to save money by optimizing the costs of various services such as warehouse management services, financing solutions, quality testers, insurance and logistics through economies of scale. . These savings will be passed on to the users, which will result in an appreciation of their income.
Anand Chandra, Executive Director of Arya, said: “On this Independence Day, we are helping the backbone of our company become independent from the rigid and complex system of post-harvest storage services. The inclusion of technology in the system is crucial. Warehousing and storage of goods cannot be a stand-alone offering. Besides democratizing the agricultural storage infrastructure available in the country, a unique proposition offered by A2ZGodaam is the integration of the platform with other ancillary services as well as financial and commercial links. The service will help all users to have a seamless experience when it comes to warehousing and other post-harvest services. ”
India has around 143 million tonnes of built storage capacity. Studies suggest that as a country India has a storage gap of over 35 percent. This is even more acute if we consider the needs versus the availability in the primary agriculture centers which are closer to the farm.
On the flip side, it’s also ironic that despite the aforementioned lack of space, large storage spaces remain unused. The platform is an online aggregation solution for agricultural warehouses and other post-harvest solutions to meet the needs of farmers, FPOs and other value chain actors. The platform aims to organize the traditionally unorganized warehousing industry.
A2ZGodaam is a digital extension of Arya’s current business model and has been tested with a wide range of customers. It currently has over 2,000 listed warehouses with an aggregate area of approximately 30 million square feet. These warehouses store over 2.5 million tonnes of agricultural produce and have provided funding of Rs. 2000 Crores from various banks and Aryadhan Financial Solutions, Arya’s NBFC subsidiary. The platform is expected to facilitate the discovery of more than 20,000 agricultural warehouses in the country and allow funding of more than 15,000 crore rupees.
In March 2020, Omnivore and Lightstone ASPADA participated in a $ 6 million pre-series B financing round in ARYA to support its Agritech and Fintech offerings. The company is currently raising an additional $ 15 million to strengthen and expand these initiatives.
The platform complements the government’s goal of helping farmers and POs access warehouses and other post-harvest services with one click. It also allows farmers to access new buyers for their products, in line with recent relaxations in the APMC law.
The platform is also in line with the recently approved government-approved Agri-Infra Close to Farms Fund, which will help address infrastructure issues in the agricultural sector. It is gaining in importance in the post-COVID neo-normal.