Agritech startup DeHaat’s revenue is likely to grow by over 80 percent this fiscal to around Rs 2,300 crore on better sales of farm inputs to farmers and trading of agriculture produces in domestic and overseas markets, its CEO Shashank Kumar said. DeHaan will also hit positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) by the end of this calendar year, he highlighted.
DeHaat is a technology-based business-to-farmers platform that offers a complete range of agricultural services to farmers. These include the distribution of high-quality agricultural inputs, customized farm advisory, access to financial services, and market linkages for selling their produce.
DeHaat has so far raised $221 million from investors like Sofina, Lightrock, Prosus Ventures, Sequoia Capital India, Omnivore partners, and FMO. Our turnover was around Rs 1,250 crore in the last fiscal. We are seeing significant growth in revenue this financial year and will touch around Rs 2,300 crore,” Kumar told PTI in an interview Out of the total revenue, he said, around 70 percent would come from the sale of farm produce procured from farmers and the remaining 30 percent from the sale of inputs like seeds and agrochemicals to farmers.
As a platform, DeHaat has onboarded over 2,000 agribusiness institutions, including input manufacturers, FMCG players, banks, insurance partners, and bulk output exporters, offering them direct access to farmers to drive efficiency and transparency. DeHaat is offering AI (artificial intelligence) enabled crop advisory to farmers for more than 30 crops in regional language.
