Project detail - GREEN AGREVOLUTION PVT. LTD.

GREEN AGREVOLUTION PVT. LTD.

Status: Approved investment
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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

Green AgRevolution has developed DeHaat which is a technology-led platform to connect farmers in India to agricultural inputs, advisory services, & markets. The platform reaches over 190,000+ farmers and has developed a last-mile distribution network of over 350 DeHaat centres. The centres are run by micro-entrepreneurs through a franchise model.

What is our funding objective?

An investment of INR 130mln (USD 1.8mln) is contemplated from FMO Ventures Program. The funding will be used for expansion of DeHaat centres network and farmer base, technology, branding & retention, and piloting new services.

Why do we fund this investment?

The key challenges that smallholder farmers face are a lack of access to i) inputs, ii) knowledge, iii) markets, and iv) finance. DeHaat has developed a holistic model that addresses the first three of these constraints in an efficient manner. By enabling lower priced inputs (10-15% cost savings), improvements in productivity (up to 20% increase in yield) and providing access to markets (up to 15% price increase), DeHaat’s clients benefit from increased profitability, and consequently improved livelihoods.

What is the Environmental and Social categorization rationale?

E&S category B: IFC PS 1-4 are applicable to this transaction. The company is deemed to render limited E&S risks and/or impacts that generally site-specific and largely reversible. Key issues are related to occupational health and safety, waste management (incl. storage/handling of products), and supply chain management. IFC PS 5-8 are not applicable. Facilities are located at industrial/residential zones and as such no impact on biodiversity, indigenous peoples and cultural heritage are expected.

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8/24/2020 EUR 0.10 MLN
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Region
Asia
Country
India
Sector
Agribusiness, Food & Water
Publication date
1/31/2020
Effective date
3/24/2020
Total FMO financing
INR 130.00 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