DeHaat, India’s leading full-stack Business to Farmer (B2F) platform, today announced the successful completion of its first-ever Employee Stock Ownership Plan (ESOP) buyback program, valued at INR 10 crore.
This milestone underscores DeHaat’s commitment to its employees and their pivotal role in the company’s decade-long journey towards empowering Indian farmers.
Shashank Kumar, Co-Founder and CEO of DeHaat, stated,
“DeHaat’s consistent growth & unparalleled performance to empower Indian farmers for over a decade has been only possible because of the commitment & efforts of our team. The ESOP buyback program demonstrates our dedication to our employees, and we are glad to generate wealth creation opportunities and fostering a culture of growth inside the firm.”
DeHaat reported a 40% increase in revenue from operations, reaching INR 2700 crore, while reducing its losses by 50% in FY24.
This continued top-line growth has been bolstered by operating leverage and a heightened focus on profitability through high-margin businesses such as the export of sustainably grown farm produce, food processing, and the sale of biological Ag-Inputs.
The company aims to achieve full-year profitability in FY25.
Rishu Garg, Head of People Function at DeHaat, added,
“To date, DeHaat has issued ESOPs worth over INR 100Cr to more than 200 individuals. In its first ESOP buyback, 153 team members spread across a diverse set,right from Senior Vice President rank to field teams got the opportunity of wealth creation”
This announcement follows a series of significant developments at DeHaat, including the signing of renowned Bollywood actor Pankaj Tripathi as the brand endorser for its parent brand and farmer services.
Additionally, the company has brought on board agri-industry veteran and visionary Dr. K V Subbarao as its first Independent Advisor to drive further scale, innovation, and positively impact the lives of Indian farmers.
About DeHaat:
DeHaat is a leading agritech platform dedicated to empowering farmers in India.
Offering a comprehensive suite of services, including Direct Market Access, Quality Inputs, and Expert Agri Advisory, DeHaat enables farmers to enhance their incomes and secure financial stability.
The company is driven by a passionate team committed to transforming the agricultural sector and building a sustainable future for farmers.
