Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 cr

Agritech startup DeHaat's revenue is likely to grow by over 80 per cent 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.

DeHaat will also hit positive EBIDTA (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 distribution of high-quality agricultural inputs, customised farm advisory, access to financial services and market linkages for selling their produce.

DeHaat has so far raised USD 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