About Desai Fruits & Vegetables
Desai Fruits & Vegetables is a company based in Navsari (India) founded in 2002 by Ajit Desai and Subodh Shishodia.. Desai Fruits & Vegetables has raised $31.73 million across 3 funding rounds from investors including DFPCL and Innoterra. The company has 59 employees as of September 27, 2024. Desai Fruits & Vegetables operates in a competitive market with competitors including InI Farms, Urban Harvest, Freshtrop, Dr Jackfruit and Sorted, among others.
- Headquarter Navsari, India
- Employees 59 as on 27 Sep, 2024
- Founders Ajit Desai, Subodh Shishodia
- Stage Minicorn
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Desai Agrifoods Private Limited
- Date of Incorporation 02 Feb, 1999
- Jurisdiction Navsari, Gujarat, India
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Annual Revenue
$34.48 M (USD)-39.21as on Mar 31, 2023
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Net Profit
$-23.74 M (USD)-197.98as on Mar 31, 2023
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EBITDA
$-22.5 M (USD)-217.55as on Mar 31, 2023
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Total Equity Funding
$31.73 M (USD)
in 3 rounds
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Latest Funding Round
$3.12 M (USD), Series B
Apr 04, 2022
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Investors
DFPCL
& 1 more
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Employee Count
59
as on Sep 27, 2024
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Funding Insights of Desai Fruits & Vegetables
Desai Fruits & Vegetables has successfully raised a total of $31.73M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3.12 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $3.1M
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First Round
First Round
(11 Nov 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Desai Fruits & Vegetables | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Desai Fruits & Vegetables | Valuation |
investors |
|
| Nov, 2011 | Amount | Series A - Desai Fruits & Vegetables | Valuation | DFPCL |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Desai Fruits & Vegetables
Desai Fruits & Vegetables has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DFPCL and Innoterra. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Innoterra is engaged in agri-tech innovation and food supply chain solutions.
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Founded Year | Domain | Location | |
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Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Desai Fruits & Vegetables
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Desai Fruits Vegetables
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Desai Fruits & Vegetables Comparisons
Competitors of Desai Fruits & Vegetables
Desai Fruits & Vegetables operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as InI Farms, Urban Harvest, Freshtrop, Dr Jackfruit and Sorted, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of farming services to horticulture industries
|
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| domain | founded_year | HQ Location |
Urban Harvest is engaged in providing fresh cut fruits and vegetables.
|
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| domain | founded_year | HQ Location |
Supplier of grapes and pomegranates
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| domain | founded_year | HQ Location |
Organic jackfruit products are branded and distributed by Dr Jackfruit.
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| domain | founded_year | HQ Location |
Fresh fruits and vegetables are supplied to urban retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Desai Fruits & Vegetables
When was Desai Fruits & Vegetables founded?
Desai Fruits & Vegetables was founded in 2002 and raised its 1st funding round 9 years after it was founded.
Where is Desai Fruits & Vegetables located?
Desai Fruits & Vegetables is headquartered in Navsari, India. It is registered at Navsari, Gujarat, India.
Who is the current CEO of Desai Fruits & Vegetables?
Subodh Shishodia is the current CEO of Desai Fruits & Vegetables. They have also founded this company.
Is Desai Fruits & Vegetables a funded company?
Desai Fruits & Vegetables is a funded company, having raised a total of $31.73M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11.95M, raised on Nov 11, 2011.
How many employees does Desai Fruits & Vegetables have?
As of Sep 27, 2024, the latest employee count at Desai Fruits & Vegetables is 59.
What is the annual revenue of Desai Fruits & Vegetables?
Annual revenue of Desai Fruits & Vegetables is $34.48M as on Mar 31, 2023.
What does Desai Fruits & Vegetables do?
The company was founded in 2002 in Navsari, India, and operates within the consumer staples sector. Food crops are produced, with a focus on fruits and vegetables including bananas, tomatoes, green chillies, and apples. Distribution and export activities are managed from this base, serving both domestic and international markets through established supply chains.
Who are the top competitors of Desai Fruits & Vegetables?
Desai Fruits & Vegetables's top competitors include InI Farms, Urban Harvest and Freshtrop.
Who are Desai Fruits & Vegetables's investors?
What is Desai Fruits & Vegetables's valuation?
The valuation of Desai Fruits & Vegetables is $73.36M as of Apr 2022.