DeHaat Turns Profitable In Q1 FY26, Eyes Full Year Profitability

Peak XV Partners-backed agritech startup DeHaat turned profitable in the first quarter (Q1) of the ongoing fiscal year 2025-26 (FY26), company sources told Inc42.

Without disclosing the exact figure, the sources said that DeHaat reported an EBITDA of INR 5 Cr to INR 10 Cr in the June quarter. The startup is now eyeing full year profitability in the ongoing fiscal, the sources said. DeHaat continued to be a loss-making entity in FY25.

Meanwhile, speaking with Inc42, DeHaat cofounder and CEO Shashank Kumar said that the agritech startup clocked a revenue of INR 3,000 Cr in FY25 and is currently operating at an annual revenue run rate (ARR) of INR 4,000 Cr.

The numbers quoted by Kumar represent an 11% jump from INR 2,700 Cr revenue it reported in FY24.

For context, the company had reported a net loss of INR 1,133.1 Cr in FY24, driven largely by a non-cash CCPS fair value adjustment of INR 888.4 Cr. Excluding it, the loss stood at INR 225 Cr.

Kumar attributed DeHaat’s FY25 revenue growth to high-margin private label sales, exclusive partnerships for agri-input distribution, and an increased focus on exports, storage and food processing.

He added that the company exported goods worth INR 430 Cr to 32 markets in FY25, while private label sales accounted for nearly 25% of DeHaat’s revenue in the fiscal.

Founded in 2012 by Kumar, Shyam Sundar Singh, Amrendra Singh, Adarsh Srivastava, and Abhishek Dokania, DeHaat is a full-stack agritech platform that offers services like sale of agri inputs, expert advisory, and agri-exports.

The omnichannel startup earns revenue by selling agricultural inputs (seeds, fertilisers, pesticides) to farmers, and earns commissions by sourcing produce directly from farmers and selling it to institutional buyers, traders, exporters, and processors.

Besides, it offers other value-added services. While most crop advisory and farming guidance is free, DeHaat charges a premium for offerings like soil testing, customised farm planning, and pest management. It also partners with financial institutions to provide credit and crop insurance to farmers.

DeHaat claims to work with over 14 Lakh registered farmers and deliver 300+ hours of advisory services each month. The company operates more than 8,000 one-stop DeHaat Centres, collectively covering over 80,000 hectares of farmland.

DeHaat’s IPO A Few Years Away

Responding to a question on IPO, Kumar said that DeHaat has no such plans for the next two years. While the startup intends to list eventually, Kumar said it would only do so after achieving sizable profitability.

Meanwhile, on the fundraising front, the cofounder said that DeHaat is in the process of raising capital but did not disclose any further details.

This comes close on the heels of the company raising INR 200 Cr in debt from Trifecta Capitalin April this year. Prior to that, in January, it acquired Olam Agri-owned farm advisory platform AgriCentral to expand its suite of digital services for farmers and increase its reach among the farming community.

As per Inc42 data, India is home to over 1,500 agritech startups, which have collectively raised more than $2.4 Bn since 2014.

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