Dehaat Raises $115 Million In The Largest Agritech Round In India
10/26/21, 6:15 PM
Money raised
$115 million
Industry
agriculture and farming
other
DeHaat, an online platform that offers full-stack agricultural services to farmers in India, has raised $115 million in what is the largest funding round for an agritech startup in India.
Company Info
Additional Info
The Gurgaon-headquartered startup has brought along brands who sell agri-input products, institutional financers, and buyers to one platform. The startup, which runs a helpline to engage with farmers, also operates an eponymous Android app that is accessible in multiple languages. “The uniqueness of its full-stack approach combined with the “phygital” go-to-market strategy further reaffirmed our view that the company is on track to become a significant player in the farming industry in India,” said Yana Kachurina, Principal at Sofina, in a statement. Shashank Kumar, co-founder and chief executive of the startup, told TechCrunch in an interview that the startup will deploy the fresh funds to expand to “all major agriculture clusters of India.”DeHaat has grown five times in the past seven months, he said.This is a developing story. DeHaat said it serves over 650,000 farmers in Bihar, UP, Jharkhand and Odisha.