Agritech startup DeHaat has announced the acquisition of farm advisory platform AgriCentral, owned by Olam Agri, in an all-cash business transfer agreement.
This strategic move is poised to expand DeHaat’s digital offerings, enhance its outreach to the farming community, and further consolidate its position as India’s largest full-stack agritech platform.
Founded in 2018, AgriCentral boasts over 10 million users, offering Indian farmers features like real-time crop prices, personalized crop planning, crop health diagnostics, and community interaction.
Its technology-driven approach utilizes GPS, satellite imagery, big data, machine learning, and image analytics to facilitate digital farming solutions.
With the addition of AgriCentral’s user base, DeHaat will now serve over 12 million farmers nationwide.
The company aims to surpass its farmer network target for 2024 and expand its portfolio of digital services to include precision advisory and other value-added offerings.
A Growing Agritech Powerhouse
Founded in 2012 by Shashank Kumar and Amrendra Singh, DeHaat provides end-to-end agricultural solutions, including access to quality agricultural inputs, farm advisory, financial services, and market linkages.
Backed by investors like Temasek and Prosus Ventures, the startup has raised $221 million and is currently valued at $700 million.
The platform operates through a network of 15,000 DeHaat Centres across 11 states, offering personalized crop advisory services and distributing over 3,000 agricultural inputs.
Additionally, DeHaat has partnered with 10+ global bio agri-input innovators to support sustainable farming practices.
Financial Trajectory
DeHaat reported a net loss of INR 1,133.1 Cr for the financial year 2023-24 (FY24), a slight increase from the previous year’s INR 1,094.4 Cr.
However, operating losses were trimmed by 42% year-on-year in FY24, and the company remains on track to achieve breakeven by Q4 FY25.
