dehaat

Agritech startup DeHaat's revenue is likely to grow by over 80 per cent this fiscal to around Rs 2,300 crore on better sales of farm inputs to farmers and trading of agriculture produces in domestic and overseas markets, its CEO Shashank Kumar said. DeHaat will also hit positive EBIDTA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) by the end of this calendar year, he highlighted. DeHaat is a technology-based business-to-farmers platform that offers a complete range of agricultural services to farmers.…

Agri-tech startups have joined the growing list of companies which are downsizing their teams amid business model challenges and an overall squeeze in financing for privately held technology companies, industry executives and investors told ET.While Temasek-backed agriculture marketplace DeHaat fired about 5% of its employees last year, other venture capital-backed firms like Bijak, Captain Fresh, BharatAgri and Gramophone too have recently undertaken layoffs, sources told ET.Indore-based Gramophone let go of around 75…