New Delhi, April 22 (Mayank Nigam) A Pune-based full-stack agritech startup Kisanserv, which had raised INR 10 crore in its seed round, has clocked multiplier returns this year. Owing to their tech-enabled collection centres and well-networked warehouses, they have been able to mobilise and optimise their supply chains. It is on track to exceed Rs 50 crore in annual revenue and is aiming for Rs 100 crore or more by the end of 2023. 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,” Kisanserv Co-founder and CEO Niranjan Sharma said. We are aiming to grab more market share and expand services across India in the near future. We will also be looking forward to a larger equity round in this quarter to deliver on our promise, Sharma added.
Its concentration is within the inward supply chain, where it is ramping up its vast network of tech-enabled collection centers, solving backend problems and helping e-commerce companies 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, the elimination of middlemen, and the establishment of direct connections between producers and consumers to avoid margin leakage, better profits, and stakeholder empowerment.