Indian Agritech Dehaat Tops $700 Million Valuation In $60 Million Funding

Dec 01, 2022•over 2 years ago

Amount Raised

$60 Million

GurgaonAgriculture And FarmingOther

Investors

Prosus VenturesRtp Global PartnersSofina Ventures

Description

DeHaat, a startup that offers a wide-range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years.

Company Information

Company

DeHaat

Location

Gurgaon, Haryana, India

About

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.

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