Agritech startup DeHaat to raise nearly $100 million in Series E round at a pre-money valuation of nearly $900 Mn, according to the source. The funding round can take DeHaat’s post-money valuation to over $1 billion, making it the first agritech startup in the country to turn unicorn.
DeHaat provides farmers with end-to-end agricultural services such as high-quality agri-input distribution, customised farm advisory, access to financial services, and market linkages for selling their produce. The funding will allow the Sequoia-backed startup to surpass the valuation of Flipkart-backed agritech startup Ninjacart. According to Inc42, India’s agritech market is expected to reach $24.1 billion by 2025.