new Delhi. Agribazar, a technology technology company, will increase its workforce nearly three times in the midst of pay cuts and declining jobs during the Kovid-19 epidemic. The company plans to double its business expansion.
The company's co-founder and CEO Amit Aggarwal said the company currently has 150 employees. In the current financial year, the company plans to add more than 350 employees. Right now we are offering our services in 32 cities, work is going on to increase it to 75. Agribazar was founded in 2016. The company claims to be the country's largest agricultural technology marketplace.
The company trades in 52 agricultural commodities in addition to fruits such as grapes, mangoes and apples. On June 5, the government passed two ordinances related to the agricultural sector. One of the ordinances amends the Agricultural Produce Market Committee (APMC) Act, which allows farmers to sell their produce anywhere in the country beyond the pre-determined market.
This led the company to cross the Rs 5,500 crore gross turnover (GMV) value of its platform in the first quarter of the current financial year. It was Rs 4,000 crore in FY 2019-20. Aggarwal said that the company has set a target of Rs 20,000 crore GMV this year.
This post was published on August 18, 2020 10:25 am
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