The Agritech start up Dehaat has announced that the revenue of the company is most likely to be raised by 80 percent with the valuation amounting 2,300 Cr INR for the Fiscal Year 2023.
About the DeHaat’s Rise in the Profit
The company foresees for the rise in its profit due to the increase in the sales of the products, the farm inputs for the farmers by 70 percent and also due to the retailing of the agricultural produce in the local as well as the global markets by 30 percent.
According to the Chief Executive Officer of the company mentioned that they also aim to gain positively the Earnings before Interest, Taxes, Depreciation and Amortisation (EBIDTA).
With respect to the aiming the peak in the profit of the company the Chief Executive Officer of the company said in his statement that the company witnessed a rise in the profit of the company by Rs 1250 Cr in the Fiscal Year 2022 and the company has been witnessing the growth in the profit and will soon hit the mark of Rs 2300 Cr for the Fiscal Year 2023.
Establishment of 503 FPOs by DeHaat
The company also mentioned that the technology based agriculture company DeHaat has also announced that it has been successful in implementing about 503 Farmer Producer Organisation (FPO) in the 12 states of the country and are deliberately working with the company through its full agro value chain offering and is believed to influence the lives of about 30,000 farmers.
About the Company DeHaat
The technology based agriculture start up is based on business to farmer platform and was found in the year 2012 and its headquarters based in Gurugram, Haryana and Patna, Bihar.
The company used Artificial Intelligence technology to provide its customers with the guidance regarding the farming to its farmers in their regional languages for more than 30 crops. The company has a strong network of 1.8 million farmers.
Also, the company has joined hands with the agricultural organisations, banks, Fast Moving Consumer Goods industries to provide ease of access for the farmers to connect with them in availing the help and assistance they need.
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