Highlights
Agritech Platform DeHaat Expands Its Reach with AgriCentral Acquisition
Agritech platform DeHaat has successfully acquired AgriCentral from Olam Agri through an all-cash transaction. This acquisition significantly boosts DeHaat’s capacity to deliver comprehensive agricultural solutions throughout the villages of India.
The integration of AgriCentral’s features will enable DeHaat to provide:
- Precision advisory
- Mechanization services
- Insurance options
- Cattle advisory services
This strategic move aims to enhance the livelihoods of farmers across the nation.
About AgriCentral
AgriCentral is a digital advisory platform boasting over 10 million users. It offers various services, including:
- Crop price data
- Crop planning assistance
- Diagnostics support
- Community interaction
Since its launch in 2018, the platform has harnessed advanced technologies such as satellite imagery, machine learning, and big data analytics to support farmers effectively.
DeHaat’s Extensive Network
DeHaat operates a vast network that includes:
- Over 15,000 DeHaat Centres
- Partnerships with more than 1,000 agribusiness institutions
Founded in 2012, DeHaat delivers farming solutions encompassing advisory services, quality input delivery, and market linkages, functioning across more than 12 states in India.
Aiming for Leadership in Agritech
Through this acquisition, DeHaat aspires to reinforce its position as India’s largest full-stack agritech platform. Previous acquisitions by DeHaat include FarmGuide, Vezamart, Helicrofter, YCook, and the fruit export division of Freshtrop Fruits.
Financial Performance
For the fiscal year concluding in March 2024, DeHaat’s gross revenue surged to Rs 2,674.8 crore, increasing from Rs 1,965 crore in FY23. During this period, the company successfully reduced its losses by 34%, with a reported loss of Rs 244.68 crore compared to Rs 371 crore in FY23.