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Havish Gupta
Figuring Outย โขย 1y
Unique Startup Stories (12/20) Meet DeHaat, a $600 Million Agritech startup from Patna. About It โข It was Founded by Amrendra Singh and Shashank Kumar in Patna, Bihar in 2012. โข 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: โน2,300 cr (expected) 22-23: โน1,965 cr 21-22: โน1,274 cr 20-21: โน1,300 cr In FY22, losses widened to โน1,564 cr, 3.5 times from the previous year's โน442 Cr. FUNDING โข It has raised total of $250 Million from investors like Sequoia Capital โข 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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