This acquisition helps to bolster Arya’s imaginative and prescient of bringing leading edge AI/ML capabilities to farm digitization, crop monitoring, high quality assaying and surveillance. This acquisition will assist Arya to additional deepen its relationship with different agchain stakeholders like FPOs, processors and corporates, banks, and insurance coverage corporations.
Arya.ag connects sellers and patrons of agriproduce, offering full assurance on amount, high quality and funds. The distinct digital choices of Prakshep will add to Arya.ag’s deep tech functionality to offer traceability, transparency, high quality assurance for seamless commodity commerce. Arya.ag will now maintain the most important database in agriculture including farm particulars together with boundaries, crop actions, well being and yield valuation to its current repository of storage and grain worth chain database.
Arya.ag is at the moment creating India’s first public agri blockchain ledger. Prakshep’s deeptech expertise and experience will add additional farm stage integration and preload in depth historic farm exercise information to Arya.ag’s blockchain ledger. Arya.ag guarantees to offer full visibility and traceability of the commodity proper from the producers’ area and construct full assurance for all stakeholders within the agri-value chain.
Arya.ag goals to strengthen its relationship with its current base of virtually 1,000,000 farmers and 500 FPOs by offering farm evaluation and crop well being monitoring by way of AI integration, distant sensing, and satellite tv for pc imaging. Prakshep’s acquisition additionally aligns with Arya’s concentrate on Local weather good agricultural fashions with lowered Carbon footprint. Prakshep’s fashions have facilitated a forty five% discount in crop harm, 40% discount in use of chemical substances, 35% discount in water utilization and a 30% fall in GHG emissions. Local weather good agriculture is pertinent to the challenges of meals safety and local weather change and the partnership between Arya.ag and Prakshep can supply good and scalable options to reimagine the agricultural ecosystem.
Prasanna Rao, Arya.ag’s MD & Co-founder mentioned, “Leveraging our expertise stack, we’ve already created a digital id for over 10000 warehouses throughout India on Arya.ag and have in-built transparency in any respect ranges from aggregation to storage, finance, and commerce. Beneath this context, Prakshep’s tech-led proposition finds a pure match because it allows a digital id for each grain that traverses the worth chain and builds in transparency when it comes to the place it was grown and the journey it has made. The aligned values of sustainability, local weather good agriculture and inclusive financial development has introduced us collectively.”
Avijeet Singh, Prakshep’s CEO commented, “The transformation led to by digital applied sciences within the typical agriculture ecosystem whereas seemingly overwhelming has simply scratched the floor. Arya as a market chief offers us with a chance to create an impression within the lives of our small holder farmers on a a lot bigger scale and worth. Via this partnership, we can present our customers many extra new choices based mostly on information, scientific analysis and analytics creating belief and transparency in all our transactions.”