GREEN AGREVOLUTION PVT. LTD.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
DeHaat is a technology-based platform to offer complete end-to-end services to farmers - "seed to market". Currently more than 240,000+ farmers in Eastern India are registered with DeHaat and are getting direct access to quality agri inputs, customised crop advisory, credit and market linkages of farm produce.
What is our funding objective?
DeHaat is looking to safeguard health and safety of its employees, Village Level Entrepreneurs (VLEs) and farmers while providing farmers with 360o agricultural services during this unprecedented crisis. The objective is to ensure i) the health and safety of farmers, VLEs and field employees by equipping them with proper kits, ii) health insurance inclusive of Covid-19 cover to VLEs and field employees to safeguard them against any eventuality; iii) Freight subsidy to ensure business continuity arising due to supply chain disruptions. The DeHaat model of providing end-to-end services (agri-inputs, advisory and market linkage) through technology-led value chain interventions is highly sustainable and scalable. DeHaat has demonstrated a phenomenal growth of 3-4x in recent years on Y-o-Y basis, ensuring greater income to smallholder farmers, rural entrepreneurship and job creation while remaining capital efficient.
Why do we fund this investment?
The project will minimize the risk of infection for farmers. The overall impact on farmers’ income is 40-50% due to increased access to quality inputs, customized and affordable advisory and better realization of their agri produce. The project will help with the expansion of De Haat’s current VLEs from 500 to 1500, ensuring business sustainability.
More investments
| Date | Total FMO financing |
|---|---|
| 9/17/2021 | INR 371.74 MLN |
| 12/4/2020 | INR 137.10 MLN |
| 6/30/2020 | INR 270.26 MLN |
| 3/24/2020 | INR 130.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Agribusiness, Food & Water
- Effective date
- 8/24/2020
- End date
- 11/23/2022
- Total FMO financing
- EUR 0.10 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B