DeHaat’s gross revenue nears Rs 2,000 Cr in FY23, losses soar 94%

Full-stack agritech marketplace DeHaat raised $60 million led by Sofina Ventures during FY23 with a target to breakeven in FY24. However, the target appears to be an ambitious one as the firm’s losses widened to Rs 371 crore during the fiscal year ending March 2023. DeHaat’s gross revenue grew 54.2% to Rs 1,965 crore in FY23 from Rs 1,274 crore in FY22, according to its annual financial statements with the Registrar of Companies (RoC).