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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…
