New Delhi, 25th April 2022: Pune-based full-stack agritech startup Kisanserv who had raised INR 10 Crore in its seed round has clocked multiplier returns this year. Owing to its tech-enabled collection centers, and well-networked warehouses, it has been able to mobilize and optimize its supply chains. It is well on course surpassing 50 Cr in annual revenue rate and is looking to clock 100 Cr+ by 2023 end. Additionally, it will be looking ahead to expanding into Bangalore, Hyderabad, Chennai, Surat, Vadodara, Ahmedabad, and Nagpur in the next 18 months.
The company earned Rs 6 crore in 2020-21, Rs 17 crore in 2021-22 and is currently running at Rs 50 crore ARR and is confident of reaching the Rs 100 crore milestone by the end of this year or early 2023.
“We have seen phenomenal growth in recent years and going forward, we want to strengthen our countrywide presence and boost our tech capabilities and network, majorly in the interiors. We already enjoy a wide network across different districts of Maharashtra, and we are currently running operations in Mumbai, Navi Mumbai, Pune and Pimpri Chinchwad. We are aiming to grab more market share and expand services across India in the near future. We will also be looking ahead for a bigger equity round in this quarter to deliver on our promise,” said Kisanserv, Co-founder and CEO, Niranjan Sharma, in a statement.
Its concentration is within the inward supply chain by ramping up its vast network of tech-enabled collection centers, solving backend problems, and helping e-commerce companies to deliver products in record time. By doing so, the company has become the backbone of hyper delivery apps and Kirana stores in major Maharashtra cities. The company has developed mobile apps for farmers for their better understanding of market prices, elimination of middlemen, and establishment of a direct connection between producers and consumers to avoid margin leakage, better profits, and empowerment of stakeholders.
Founded in April 2015 by three Co-founders Niranjan Sharma, Praveen Tiwary and Arun Kumar of diverse backgrounds of Agribusiness, IT & Finance, Kisanserv is a full-stack B2B2C Agritech company connecting farmers directly with Customer’s demand through its multifaceted approach with the confluence of technology and operational experience, the company optimizes market linkage within food sourcing.