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Agritech startup Nutrifresh books Rs 14 Cr PAT on Rs 145 Cr revenue in FY25

EntrackrEntrackr · 5m ago
Agritech startup Nutrifresh books Rs 14 Cr PAT on Rs 145 Cr revenue in FY25
Medial

Agritech startup Nutrifresh books Rs 14 Cr PAT on Rs 145 Cr revenue in FY25 Agritech startup Nutrifresh Farms delivered another strong performance in FY25, nearing Rs 150 crore in operating revenue with a 50% year-on-year growth. Significantly, the Pune-based company’s profit also rose 55% in the fiscal year ending March 2025. Nutrifresh Farms reported 50% year-on-year growth in its operating revenue to Rs 145.22 crore in FY25 against Rs 96.82 crore in FY24, according to the company’s consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2019, Nutrifresh Farms uses hydroponic technology to grow pesticide-free fruits and vegetables in climate-controlled farms. Operating largely on a B2B model, it supplies fresh produce to clients like Zepto, Swiggy Instamart, Blinkit, McDonald’s, and Spar, and also offers customized salads through subscriptions. Sale of fresh produce and salads was the sole source of operating revenue for the company. The firm also earned Rs 4.55 crore on interest on deposits which took its total income to Rs 149.77 crore in the last fiscal year. Procurement of materials accounted for 72% total expenses for Nutrifresh which stood at Rs 96.12 crore. This cost surged over 70% in FY25 from Rs 56 crore in the previous fiscal year. Employee benefit expenses also increased by 70% to Rs 10.96 crore while depreciation and amortization expenses accounted for Rs 10.4 crore. Finance cost, rent, transportation cost and other overheads led the overall expenses for the firm to Rs 134.25 crore in FY25 which rose by 48%. Driven by a 50% rise in operating scale, Nutrifresh Farms recorded a 55% jump in operating profit to Rs 13.86 crore in FY25 from Rs 8.94 crore in FY24. The company’s EBITDA margin and ROCE improved to 17.31% and 5.6%, respectively. On a unit level, the company spent Rs 0.92 to earn every rupee of operating revenue in the last fiscal year. According to startup data intelligence platform TheKredible, Nutrifresh Farms has raised approximately $20 million across two funding rounds, including a $5 million seed round in May 2022.

Exclusive: Akshayakalpa Organic to raise Rs 175 Cr in primary capital led by Temasek’s ABC Impact

EntrackrEntrackr · 14d ago
Exclusive: Akshayakalpa Organic to raise Rs 175 Cr in primary capital led by Temasek’s ABC Impact
Medial

Exclusive: Akshayakalpa Organic to raise Rs 175 Cr in primary capital led by Temasek’s ABC Impact Organic dairy startup Akshayakalpa Organic is raising Rs 175 crore (around $19 million) in its Series D round led by ABC Impact Fund, with participation from existing investors. According to regulatory filings sourced from the Registrar of Companies (RoC), the company’s board has passed a special resolution to issue 36.81 lakh Series D compulsory convertible preference shares at an issue price of Rs 475 per share to raise the aforementioned amount. ABC Impact, through IMP2 Growth Pte Ltd, is set to lead the round with an investment of Rs 101 crore. Among other participants, Rainmatter will invest Rs 21 crore, while Asha Ventures and Catamaran Ventures will infuse Rs 16 crore each. Existing investors, including Waterfield Fund, Pratithi Growth Fund, and A91 Partners, are expected to contribute the remaining capital. As per Entrackr’s estimates, the round values the company at around Rs 1,600–1,700 crore on a post-money basis. The proceeds will be utilised for working capital requirements and expansion initiatives, as per the filings. Sources indicate that the round also includes a secondary component, with ABC Impact Asia facilitating exits for early investors such as Venture Dairy and others. Entrackr has reached out to Shashi Kumar, CEO of Akshayakalpa Organic, for comments, but the company declined to respond. The company is reportedly in talks to raise Rs 350 crore in the new round. Founded by GNS Reddy and Shashi Kumar, Akshayakalpa Organic delivers organic milk and dairy products to over 60,000 consumers daily across Bengaluru, Hyderabad, and Chennai via its direct-to-consumer platform. The company’s products are also available in more than 2,000 retail outlets and across major e-commerce and quick commerce platforms. During FY25, Akshayakalpa Organic reported 38% year-on-year growth to Rs 387 crore, while the net losses of the company remained stable at Rs 27.3 crore during the same period.

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