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Full-stack agritech marketplace DeHaat has crossed the Rs 3,000 crore gross merchandise value (GMV) in FY25, riding on a steady uptick in its agri-output business. The growth also helped the company narrow its losses by 15% during the fiscal year ended March 2025. According to its consolidated annual financial statements filed with the Registrar of Companies (RoC), DeHaat’s gross revenue grew 12.5% to Rs 3,010 crore in FY25, up from Rs 2,675 crore in FY24.
The bulk of DeHaat’s earnings came from the sale of agri-outputs, including spices such as red chili, turmeric, cumin, and coriander, where some were marketed under its in-house brand Farm Plus. This vertical contributed close to 80% of its overall revenue, while the sale of seeds, fertilizers, and pesticides (agri-inputs) accounted for the remaining share. Besides its core operations, DeHaat also earned Rs 30 crore from interest on deposits and gains on investments, pushing its total revenue to Rs 3,040 crore in FY25 against Rs 2,720 crore in FY24.
On the expense side, procurement of agri materials remained the largest cost driver, forming 83% of overall expenditure. This cost went up by 11% to Rs 2,708 crore in FY25, in line with the company’s scale. The agritech firm also trimmed its employee benefit expenses by 15% during the year, while spending on promotions, branding, freight, legal, and other overheads took the total expenditure to Rs 3,257 crore in FY25. Earlier this year, DeHaat acquired AgriCentral from Olam Agri in an all-cash transaction. Agritech firm has raised $230 million to date and is valued at over $700 million. The company counts Peak XV, Prosus, Sofina Ventures, Lightrock, RTP Global, and Temasek, among others, as its investors.
About De Haat
The primary co-founder and CEO of DeHaat is Shashank Kumar, an IIT Delhi alumnus who co-founded the agri-tech platform in 2012 with a mission to empower smallholder farmers. DeHaat is one of the fastest-growing start-ups in the Agri-Tech sector & one of the very few companies providing end-to-end solutions & services to the farming community in India. They are building AI-enabled technologies to revolutionize supply chain & production efficiency in the farming sector.