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Results · Agriculture & Food Systems

Bijak’s GMV drops 25% to ₹551 Cr in FY25; losses rise to ₹61 Cr

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Date
Company
Bijak
What it does
B2B agri-commodities trading marketplace
Kind
Results
Based in
Gurugram
Founded
2019
Sector
Agriculture & Food Systems

What they do

Bijak is a B2B agri-commodities trading marketplace that facilitates sourcing of agricultural supplies and offers logistics and working capital support to…

What happened

In FY25, its gross merchandise value (GMV) fell 25% to ₹551 crore, and losses increased by 11% to ₹61 crore

Why it matters

Despite a 22% rise in total expenditure to ₹618 crore, the company’s losses widened due to a sharper decline in revenue

The details

  • Bijak’s gross merchandise value (GMV) dropped 25% to ₹551 crore in FY25, down from ₹732 crore in FY24.
  • The company’s losses increased by 11% to ₹61 crore in FY25, up from ₹55 crore in FY24.
  • Bijak’s revenue from the sale of agricultural commodities through its apps accounted for over 99% of its FY25 revenue of ₹548 crore.
  • The company’s total expenditure rose 22% to ₹618 crore in FY25, driven by a 25% fall in procurement costs to ₹538 crore.
  • Despite a decline in both revenue and expenses, the company’s losses widened due to a sharper drop in income.

The bigger picture

  • Bijak’s losses widened despite a 22% increase in total expenditure, indicating that the drop in revenue outpaced cost reductions.
  • The company’s return on capital employed (ROCE) and EBITDA were -285% and -10.13%, respectively, showing poor financial performance.
  • Bijak’s current assets and cash & bank balance dropped sharply to ₹47 crore and ₹21 crore, respectively, as of March 2025.

About the business

  • Bijak is a B2B agri-commodities trading marketplace that connects suppliers with buyers for agricultural products.
  • The company offers logistics and working capital support to suppliers through its apps: Bijak Mandi, Vyapaar, Global, and Just Fresh.
  • Over 99% of Bijak’s revenue in FY25 came from the sale of agricultural commodities through these apps.
  • The company also earns income from commission, logistics, and interest on deposits and current investments.
  • Bijak’s total expenditure in FY25 was ₹618 crore, with 87% of it going toward the procurement of agricultural commodities.

The deal

Type
results

Investors

  • Peak XV (existing) — Peak XV’s Surge Ventures holds the largest external stake in Bijak with a 13.8% share.
  • Omidyar Network (existing) — Omidyar Network is an existing investor in Bijak.
  • Bertelsmann (existing) — Bertelsmann is an existing investor in Bijak.

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