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Havish Gupta

Figuring Out • 11m

Unique Startup Stories (12/20) Meet DeHaat, a $600 Million Agritech startup from Patna. About It • It was Founded by Amrendra Singh and Shashank Kumar in Patna, Bihar in 2012. • It provides quality agricultural resources, financial support, and a market where the produce can be sold at better prices How It Works 1) It sells seeds, fertilizers, equipment, crop advisory, and market linkage to farmers 2) farmer get customized crop reminder as well as crop monitoring support 3) Lastly, farmers sell the produce directly to institutional buyers REVENUE 23-24: ₹2,300 cr (expected) 22-23: ₹1,965 cr 21-22: ₹1,274 cr 20-21: ₹1,300 cr In FY22, losses widened to ₹1,564 cr, 3.5 times from the previous year's ₹442 Cr. FUNDING • It has raised total of $250 Million from investors like Sequoia Capital • In Latest Series E round, it raised 60 Million at $700 Million Valuation Do you think even small farmers will start adopting to Tech and Ai?

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Anonymous

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Raised $250 million which is Rs. 2000 Crore for this AI pin and now after it flopped they want to sell it at $800 Mil - $1B (approx rs 8000 cr). Delusional founders. I feel sad for their investors. An influencer can really screw you up.

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