India, Sept. 27 -- Peak XV Partners-backed agritech startup DeHaat turned profitable in the financial year 2024-25 (FY25), reporting a consolidated net profit of INR 369 Cr as against a loss of INR 1,133.1 Cr.

However, the profitability came on the back of non-cash gain of INR 576.1 Cr in FY25 due to change in fair value of CCPS as against a loss of INR 888.4 Cr under the head in the previous fiscal year. Without this gain, the startup would have posted a loss of about INR 207 Cr in FY25.

Meanwhile, its operating revenue jumped 11% to INR 3,009.9 Cr during the year under review from INR 2,674.8 Cr in FY24.

Founded in 2012 by Shashank Kumar, Shyam Sundar Singh, Amrendra Singh, Adarsh Srivastava, and Abhishek Dokania, DeHaat is a full-st...