Biography of Hit Desai: Founder of Bull Agritech- Indian Entrepreneur

 Biography of Hit Desai: Founder of Bull Agritech- Indian Entrepreneur

Biography of Hit Desai: 

The Beginning of Hit Desai’s Entrepreneurial Journey

Hit Desai’s entrepreneurial journey began with his educational pursuits at Ganpat University, where he earned a Bachelor of Technology (BTech) in Computer Science between 2017 and 2021. This academic background laid a strong foundation in technology and problem-solving skills, which would later prove invaluable in his various ventures. The skills he honed during his studies set the stage for his future achievements in the agritech sector.

The Birth of Maffat Photocopies

In June 2017, while still in university, Hit Desai embarked on his first entrepreneurial venture by founding Maffat Photocopies. This unique business model offered free printouts and photocopies, generating revenue through advertising instead. Operating across six locations in Ahmedabad and Pune, Maffat Photocopies served over 10,000 customers and attracted support from more than 50 advertisers. Unfortunately, the venture faced challenges when educational institutions closed due to the COVID-19 pandemic, leading to its eventual shutdown.

Internship Experience at Amul

During the summer of 2019, Hit Desai interned at Amul (GCMMF) in Anand, Gujarat. This internship provided him with hands-on experience in the dairy industry and insights into the operations of one of India’s largest dairy cooperatives. The experience broadened his understanding of supply chains and reinforced his interest in disrupting traditional industries.

Founding Bull Agritech

In March 2021, Hit Desai launched Bull Agritech, a bold initiative aimed at transforming the agricultural supply chain in India. Bull Agritech focuses on connecting farmers directly with agri-commodity processors, aiming to dismantle a 150-year-old monopoly in the non-perishable commodities sector. The platform emphasizes trust, transparency, and value, providing a modern solution to an outdated system.

Rapid Growth and Achievements

Bull Agritech has achieved remarkable milestones since its inception. During the fiscal year 2022-2023, the company facilitated trades exceeding 25 Crore through its platform, connecting 15,000 farmers and serving 3,000 active customers. The company established five collection centers across four districts in Gujarat, significantly improving its logistics and reach.

Digitizing Payments and Building Trust

One of Bull Agritech’s standout accomplishments is its commitment to digital transactions. In an industry traditionally reliant on cash, the company has successfully completed 99.5% of its payments digitally. This achievement highlights Bull Agritech’s focus on modernizing the payment process and building trust within the agricultural community.

Biography of Hit Desai: Founder of Bull Agritech- Indian Entrepreneur /Investor/Age/Net worth/transform the agricultural supply chain/story Hit Desai

Securing Initial Funding

In 2022, Bull Agritech raised its pre-seed funding round at a valuation of $600,000. The round was led by Fetuz, with notable backing from the founders of Yudiz Solutions. This funding marked a significant milestone for the company, enabling it to further its mission and expand its impact on the agri-supply chain.

Expanding the Impact

With the funds raised, Bull Agritech has made considerable strides. The company has facilitated trades worth 35 Crore in the past 24 months and has grown its farmer base to over 6,000. This success underscores the company’s effectiveness in offering an alternative to local Agricultural Produce Market Committees (APMCs) and improving market access for farmers.

Vision for Future Growth

Hit Desai and Bull Agritech are focused on sustaining their impressive growth. The company has reported a 200% year-on-year increase and aims for 25% month-on-month growth. Future plans include expanding to new regions, doubling the number of collection centers, and broadening the commodity portfolio.

Building a Media Brand

In addition to its core business, Bull Agritech is developing a media brand dedicated to the farmer community. This initiative aims to enhance communication and provide valuable information to farmers, further supporting their engagement and success in the agricultural sector.

Commitment to Social Impact

Hit Desai’s vision for Bull Agritech goes beyond commercial success. He is driven by a desire to make a meaningful impact on the lives of farmers who have long awaited change. The company’s approach leverages technology to improve market access, price discovery, and logistical efficiency, ultimately benefiting rural communities.

The Role of Technology in Transformation

Bull Agritech’s innovative use of technology plays a crucial role in its success. By integrating modern solutions into the agricultural supply chain, the company addresses inefficiencies and outdated practices. This technological focus is central to Hit Desai’s strategy for disrupting the traditional agri-supply chain market.

As Bull Agritech continues to grow and evolve, Hit Desai remains committed to driving progress and innovation in the agricultural sector. His journey from Maffat Photocopies to leading a transformative agritech startup exemplifies his entrepreneurial spirit and dedication to making a positive impact on India’s agricultural landscape.

Timeline for Hit Desai’s and Bull Agritech story

2017-2021: Studied BTech in Computer Science at Ganpat University.

June 2017: Founded Maffat Photocopies, offering free printouts funded by advertising.

Summer 2019: Interned at Amul, gaining insights into the dairy industry.

March 2021: Launched Bull Agritech to transform the agricultural supply chain.

FY 2022-2023: Facilitated trades worth 25 Crore, connecting 15,000 farmers.

2022: Raised pre-seed funding of $600,000, led by Fetuz and Yudiz Solutions founders.

Past 24 months: Facilitated trades worth 35 Crore and expanded farmer base to over 6,000.

Current: Focused on 200% year-on-year growth, expanding to new regions, and developing a media brand.

 Biography of Hit Desai: Founder of Bull Agritech- Indian Entrepreneur/ Investor/Age/Net worth/transform the agricultural supply chain/story Hit Desai