Project detail - Green Agrevolution Pvt. Ltd.

Green Agrevolution Pvt. Ltd.

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Who is our client

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 350,000 farmers and has developed a last-mile distribution network of over 1,000 DeHaat centres. The centres are run by micro-entrepreneurs through a franchise model.

Funding objective

An investment of INR 137mln (USD 1.83mln) 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 we fund this project

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.

Environmental and social 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.

More investments

Date Total FMO financing
9/17/2021 INR 371.74 MLN
8/24/2020 EUR 0.10 MLN
6/30/2020 INR 270.26 MLN
3/24/2020 INR 130.00 MLN
Region
Asia
Country
India
Sector
Agribusiness, Food & Water
Signing date
12/4/2020
Total FMO financing
INR 137.10 MLN
Fund
Ventures Program Africa EurNb
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