Absolute’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Ecso Global Private Limited | CIN: U51909DL2016PTC301380
Absolute, co-founded by Prateek Rawat and Agam Khare, is a pioneering bio-science and agri-tech company revolutionizing global agriculture through technology and sustainability. Established in 2015, Absolute combines plant biology, data science, and climate resilience to deliver advanced agri-input solutions. With a focus on regenerative practices, the company aims to improve farmer profitability and environmental outcomes. Absolute has rapidly expanded to global markets, driven by its commitment to transforming food systems and making agriculture more sustainable and future-ready.
| Metric | Detail |
|---|---|
| Founding Year | 2015 |
| Headquarters | India |
| Revenue FY23 | ₹250 Cr |
| Revenue FY22 | ₹150 Cr |
| Profit/Loss FY23 | Net Loss (~₹50 Cr) |
| Total Employees FY23 | ~900 |
| Round | Date | Amount Raised | Valuation | Investors |
|---|---|---|---|---|
| Series B | Dec 2022 | $100 million | ~$500 million | Sequoia Capital India, Alpha Wave Global |
| Series A | May 2021 | $20 million | — | Alpha Wave Incubation, Tiger Global |
Absolute’s revenue increased from ₹150 Cr in FY22 to ₹250 Cr in FY23 and is projected to reach ₹400 Cr in FY24. Though still loss-making, the company is reducing losses as it scales and invests in R&D and international expansion.
Expense ratios improved from 95% in FY22 to an estimated 75% in FY24, driven by greater operational efficiency and increased global scale.
Absolute’s workforce grew from ~700 in FY22 to ~900 in FY23 and is expected to reach ~1,000 in FY24, reflecting its global scale-up and ongoing investment in bioscience R&D.
- Expansion into Middle East, US, and Southeast Asia markets.
- Increased investment in bioscience and regenerative agriculture technologies.
- Focus on scaling advanced biological agri-inputs and climate-resilient solutions.
- No IPO plans announced; priority on global growth and innovation leadership.
Absolute raised $100 million to support global expansion, launched new soil health products, and expanded partnerships to advance regenerative agriculture worldwide.
| Metric | Detail |
|---|---|
| Revenue Growth | ₹150 Cr → ₹250 Cr → ₹400 Cr (strong upward trend) |
| Profitability | Loss-making (~₹50 Cr in FY23), improving |
| Employee Growth | ~700 → ~900 → ~1,000 (consistent expansion) |
| Market Position | Leading agri-bioscience and regenerative agriculture innovator |
Absolute’s rapid revenue growth, global expansion, and investments in bioscience position it as a leader in regenerative and climate-resilient agriculture. While still on the path to profitability, its strong technology foundation and market traction suggest a promising future. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
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