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HomeAgribusinessUnnati Agri demonstrates 2x growth in October 2023 from previous fiscal year

Unnati Agri demonstrates 2x growth in October 2023 from previous fiscal year

The total transactional value conducted on Unnati’s platform is on a trajectory to surpass Rs 700 crores this year, marking a 70 per cent growth from the previous fiscal year.

Unnati Agri, an agriculture supply chain and financial services startup, proudly announces a significant milestone with its attainment of break-even status in October 2023, showcasing an impressive 2x growth compared to the previous fiscal year. This accomplishment underscores Unnati Agri’s substantial progress, driven by an expanded business scale and noteworthy enhancements in profit margins.

The company’s extraordinary financial performance in October 2023 is highlighted by its pivotal shift to becoming EBITDA positive, registering 1.1 per cent EBITDA margins. This notable accomplishment is built on 100 per cent growth from the corresponding period in October 2022, underlining Unnati Agri’s unwavering commitment to financial sustainability and operational excellence. The recent introduction of Unnati’s exclusive branded product line, encompassing seeds, fertilizers, and crop protection solutions, has experienced an exponential surge in demand. This product line expansion, now extended across multiple states, has witnessed an impressive 8-9x year-on-year growth, signifying its utility among farmers and trust on Unnati brand.

Furthermore, the total transactional value conducted on Unnati’s platform is on a trajectory to surpass Rs 700 crores this year, marking a 70 per cent growth from the previous fiscal year. Bolstered by a robust network of 60,000 registered retailers across 7 states, Unnati’s consistent growth trajectory has sustained a Compound Annual Growth Rate (CAGR) of over 90 per cent in the last three years.

Amit Sinha, Co-Founder of Unnati Agri, expressed satisfaction with the company’s financial performance, stating, “Unnati Agri’s achievement of reaching break-even status in October 2023, while maintaining an impressive 2x growth from the previous fiscal year, stands as a testament to our team execution. This milestone reaffirms our commitment to fostering sustainable growth, empowering our farmers, and contributing to the holistic advancement of the agricultural sector. We persist in our dedication to drive innovation, uphold financial excellence, and revolutionize the agricultural landscape, ensuring accessibility, efficiency, and prosperity for our valued farming community.”

The recent financial success underscores Unnati Agri’s commitment to financial excellence and operational efficiency. These achievements fortify Unnati’s position as a trailblazer in the agricultural technology sector, aligning with the company’s steadfast mission of transforming the agricultural landscape to ensure accessibility, efficiency, and prosperity for farmers.

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