DeHaat raises $115M in Series D funding
DeHaat recently announced that it raised $115 million in its Series D round of funding led by Sofina and Lightrock India. The round also saw participation from Temasek and existing investors Prosus, RTP Global, Sequoia Capital India, and FMO.
The agritech startup plans on using the capital raised to expand its technological offerings for value-added services as well as on talent acquisition.
DeHaat CEO and co-founder Sashank Kumar said, “We at DeHaat are on a mission of building the world’s largest agritech platform. We have raised $157 million from marquee investors in the last 30 months and our team has grown to a brigade of 850+ professionals with deep expertise in growth and strategy, supply chain, technology, and agricultural science. The last seven months have been phenomenal with 5x growth for DeHaat. Hence, we are now well poised to replicate the success in all major agriculture clusters of India in the next 12-15 months.”
Gurugram and Patna-based DeHaat was founded in 2012 by Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar, The tech-based business-to-farmer platform offers its users a range of agricultural services like agricultural inputs, personalised farm advisory, financial services, etc..
Commenting on the investment Lightrock India partner Vaidhehi Ravindran said, “We have been following DeHaat’s progress through the years and are impressed with their steep growth trajectory combined with a strong network of micro-entrepreneurs. Through innovative social engineering and tech-led execution, DeHaat has built the largest first-mile network for farmers and is well-positioned to help transform agriculture by improving yields and farmer income.”.
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