Agritech startup DeHaat posted a net profit for the first quarter of fiscal 2026, driven by high-margin private label sales and exclusive agri-input distribution, along with increased focus on exports, storage and food processing, its founder said.
The Temasek-backed firm clocked revenue of Rs 3,000 crore in FY25, an 11% increase from the prior year, and is currently operating at an annual revenue run rate of Rs 4,000 crore, said Shashank Kumar, who is also its chief executive.
He did not provide the profit and revenue figures for the first quarter, or the bottom line for the last fiscal year. The company has yet to file the financial statements for FY25 with the Registrar of Companies.
“The percentage contribution of our exclusive, private label and white-label agri-inputs has been growing consistently from just 11% the year before last to 23-24% last year and now reaching 35-40%,” he said.
The company is targeting nearly Rs 800 crore in export revenue in the current financial year, compared with around Rs 430 crore in FY25, he said. It exports to 32 markets, including the UK, Europe and Southeast Asia.
“In FY25, at the Ebitda level, our burn was around Rs 110–120 crore. Based on the performance in the last quarter, we are now targeting full-year profitability,” said Kumar.
Founded in 2012 by Kumar, Amrendra Singh, Adarsh Srivastav, Shyam Sundar Singh and Abhishek Dokania, the Patna-headquartered firm provides a range of services to farmers, including direct market access, inputs and expert agricultural advisory. It also exports agri commodities.
DeHaat, which has raised around $222 million to date, operates in 12 agrarian states. It boasts of a network of over 18,000 centres and 90 hubs through which it operates in 120 districts, catering to around 13 million farmers. The company is in the process of raising fresh capital to accelerate its growth plans.
“For M&A, if we find any kind of complementary assets or solution, whether on the input side or the distribution side, we will be open. And that is another reason why we are going for the next funding round,” he added.
On January 22, DeHaat acquired farm advisory platform AgriCentral from Olam Agri for cash under a business transfer agreement. It has so far acquired seven businesses. The other six are: Vezamart, Farmguide, Helicrofter, YCook, FieldFresh Foods and Freshtrop Fruits.
In FY24, the startup posted a 40% rise in operating revenue to Rs 2,700 crore and cut its loss by half. In FY23, it had reported a net loss of Rs 1,094 crore on revenue of Rs 1,997 crore.
The Temasek-backed firm clocked revenue of Rs 3,000 crore in FY25, an 11% increase from the prior year, and is currently operating at an annual revenue run rate of Rs 4,000 crore, said Shashank Kumar, who is also its chief executive.
He did not provide the profit and revenue figures for the first quarter, or the bottom line for the last fiscal year. The company has yet to file the financial statements for FY25 with the Registrar of Companies.
“The percentage contribution of our exclusive, private label and white-label agri-inputs has been growing consistently from just 11% the year before last to 23-24% last year and now reaching 35-40%,” he said.
The company is targeting nearly Rs 800 crore in export revenue in the current financial year, compared with around Rs 430 crore in FY25, he said. It exports to 32 markets, including the UK, Europe and Southeast Asia.
“In FY25, at the Ebitda level, our burn was around Rs 110–120 crore. Based on the performance in the last quarter, we are now targeting full-year profitability,” said Kumar.
Founded in 2012 by Kumar, Amrendra Singh, Adarsh Srivastav, Shyam Sundar Singh and Abhishek Dokania, the Patna-headquartered firm provides a range of services to farmers, including direct market access, inputs and expert agricultural advisory. It also exports agri commodities.
DeHaat, which has raised around $222 million to date, operates in 12 agrarian states. It boasts of a network of over 18,000 centres and 90 hubs through which it operates in 120 districts, catering to around 13 million farmers. The company is in the process of raising fresh capital to accelerate its growth plans.
“For M&A, if we find any kind of complementary assets or solution, whether on the input side or the distribution side, we will be open. And that is another reason why we are going for the next funding round,” he added.
On January 22, DeHaat acquired farm advisory platform AgriCentral from Olam Agri for cash under a business transfer agreement. It has so far acquired seven businesses. The other six are: Vezamart, Farmguide, Helicrofter, YCook, FieldFresh Foods and Freshtrop Fruits.
In FY24, the startup posted a 40% rise in operating revenue to Rs 2,700 crore and cut its loss by half. In FY23, it had reported a net loss of Rs 1,094 crore on revenue of Rs 1,997 crore.
