Gurugram, October 13, 2022: SAP, the world leader of enterprise application software and cloud solutions today announced that it will work with DeHaat in its mission to improve the social, economic, and environmental sustainability of Indian agriculture and aid the growth of local microentrepreneurs.
DeHaat, India’s largest full-stack AgriTech organization focuses on creating an impact in farmers’ life by providing tech enabled 360-degree solutions throughout the crop lifecycle. The organization operates on the “Farmers First” principle that enables it to work towards enhancing the lives of farmers, helping them improve their agricultural practices and produce at the same time. The AI-enabled technologies developed by DeHaat aim to revolutionise supply chain and production efficiency in India’s farm sector.
DeHaat will utilize a single integrated cloud platform- RISE With SAP to transform and optimize reporting, business, and finance operations, improve data security, and meet globally accepted audit and compliance requirements, thus reimagining better business outcomes.
Commenting on the announcement, Shashank Kumar, Co-founder & CEO, DeHaat, said, “DeHaat has always been ahead of the curve in adopting digital solutions to better serve our stakeholders. Our partnership with SAP to lead the business transformation journey is another step in this direction. We will be able to redesign our supply chain through strategic data forecasting thanks to the SAP S4/HANA cloud platform rollout, and as a result, provide greater value to our partners.”
At present, the company offers services to 1.3 million farmers across 11 Indian states including Bihar, Jharkhand, Uttar Pradesh, Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, West Bengal, Odisha, Haryana &Chhattisgarh with plans to expand its service network to five million farmers by 2024.
Shyam Sundar Singh, Co-Founder and Executive Director, DeHaat said, “We have been able to standardize business processes thanks to the implementation of SAP S4/HANA cloud, which is used by some of the biggest corporations worldwide. With the platform’s capacity to integrate internal apps, we are certain that we can create process excellence across the entire business by increasing visibility, improving documentation, and reducing manual interventions.”
“India is traditionally an agrarian economy and the second largest gross agricultural producer in the world. By various industry estimates, India loses around 20% of agricultural output due to fragmented logistics and complex supply chain process, said Sanket Deodhar, VP- Unicorns & Digital Natives, SAP India. Agricultural innovations such as cloud technology and AI-enabled insights can take the guesswork out of farming practices and processes, with improved efficacies and operational agility. We are excited to work with DeHaat to revolutionize India’s farming supply chain and aid production efficiency through data-driven innovation,” he added.
About DeHaat
DeHaat is India’s homegrown, largest full stack AgriTech company. It uses AI-enabled technologies in revolutionizing supply-chain, production efficiencies in the farming sector. DeHaat was started by Shashank Kumar, Amrendra Singh, Adarsh Srivastav & Shyam Sundar Singh and is currently nurturing a community of over 1.3Mn farmers and 10,000+ rural entrepreneurs. DeHaat offers services ranging from distribution of high-quality agricultural inputs, customized farm advisory, access to financial services, and market linkages to sell their produce. DeHaat has so far raised USD 161 Million from Marquee investors Like Sofina, Lightrock, Prosus Ventures, Sequoia Capital India, Omnivore partners, and FMO. For more information: www.agrevolution.in
About SAP
SAP’s strategy is to help every business run as a sustainable intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world’s total global commerce touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into sustainable intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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For more information, press only:
Deepika Gumaste, SAP: deepika.gumaste@sap.com
Shristi Mahnot, Genesis BCW: shristi.mahnot@genesis-bcw.com