Agritech Startup Fasal’s FY24 Revenue Jumps 89% to INR 34.1 Cr

Agritech Startup Fasal’s FY24 Revenue Jumps 89% to INR 34.1 Cr

SUMMARY

Fasal’s net loss jumped 6% to INR 34 Cr in the year ended March 2024 from INR 32 Cr in FY23

Total expenses rose rose 34.6% to INR 69.5 Cr in FY24 from INR 51.6 Cr in FY23

Founded in 2018, Fasal leverages AI and IoT to provide crop-specific intelligence for resource optimisation and helping farmers increase productivity

Agritech startup Fasal’s operating revenue nearly doubled during the financial year ended March 2024. The startup’s revenue from operations grew 89% to INR 34.1 Cr in the financial year 2023-24 (FY24) from INR 18 Cr in FY23.

Founded by Shailendra Tiwari and Ananda Verma in 2018, Fasal is a precision horticulture platform that leverages AI, crop sciences and IoT to provide farm-level, crop-specific and crop-stage-specific intelligence to enable resource optimisation (water, pesticides, etc) and higher farm productivity. It also claims to procure high quality, traceable produce for an end-to-end optimised value chain play.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.