Ayekart Fintech Achieves Remarkable 5X Growth, Records ₹657 Crores GTV in FY 2022-2023

Mr. Debarshi Duuta, CEO & Co-founder at Ayekart
Ayekart Fintech Achieves Remarkable 5X Growth, Records ₹657 Crores GTV in FY 2022-2023

Mumbai 25, August 2023 – Ayekart, a leading FinTech and integrated digital technology platform specializing in the food and agri value chain, announced significant milestones in the fiscal year 2022-2023 at its Annual General Meeting (AGM). The event highlighted the company’s achievements in facilitating financial transactions, empowering Micro, Small, and Medium Enterprises (MSMEs), and building strong customer connections.

Ayekart reported a Gross Trade Value (GTV) of ₹657 crores for the fiscal year 2022-2023, astounding growth of nearly 5X compared to the previous year. The momentum continues in the current fiscal year, with the company already surpassing its previous GTV record.

Debarshi Dutta, Co-Founder & CEO of Ayekart, expressed his commitment to advancing technology, nurturing partnerships, and driving financial empowerment. He stated, “Our growth has been marked by remarkable progress, and our unwavering commitment to empowering traditional businesses and enriching communities is evident. Our core focus on impacting the lives of marginal farmers, Farmer Producer Organizations (FPOs), and SMEs across India has been the bedrock of our success. The AGM solidifies Ayekart Fintech’s position as an industry frontrunner, poised to shape the future of financial technology.”

Since its inception in December 2020, Ayekart Fintech has processed over 70,000 transactions, exemplifying its essential role in empowering businesses of all sizes. With a thriving ecosystem and advanced technology, the platform has facilitated a robust financial landscape for entrepreneurs and farmers. 

Ayekart’s dedication to fostering partnerships is evidenced by over 16,000 MSME partners registered on the platform. This accomplishment reflects the company’s mission to drive financial inclusivity and prosperity.

Mr. Dutta further added, “Ayekart’s strength lies in nurturing connections with customers. By understanding their unique needs, we are committed to enhancing businesses through technology and finance, solidifying our role as a trusted partner for sustainable growth. Since inception, our strategic vision has ensured consistent profitability, contributing to our ability to innovate and deliver value to stakeholders.”

Starting with a team of 30 employees in 2022, Ayekart now boasts over 130 professionals. The expansion to six locations, including four new offices in Pune, Araku, Lucknow, and Gangavaram, has broadened the company’s reach and impact.

In July, Ayekart moved to a new head office in Mumbai, aligning with the company’s commitment to delivering unparalleled services and fostering a productive and collaborative work environment.

Recognized as a leader in Banking, Financial Services, and Insurance sector, Ayekart is all set and excited to continue its mission of revolutionizing the fintech landscape by introducing cutting-edge products and services in the coming years.