Agritech startup DeHaat raised $46 million in fresh led by Sofina Ventures where RTP Global Partners, Prosus, and Lightrock India also participated.
DeHaat provides farmers with customised inputs, advice, financial services, and market connections for distribution. It also connects farmers with third-party lenders for working capital and large enterprises for bulk selling, such as Reliance Fresh, Zomato, and Udaan. According to Fintrackr, the company is worth around $700 million post-money. The company currently serves 350,000 farmers in Bihar, Uttar Pradesh, Odisha, and West Bengal and aims to serve 5 million farmers by 2024.
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Agritech startup DeHaat raised $46 million in fresh led by Sofina Ventures where RTP Global Partners, Prosus, and Lightrock India also participated.
DeHaat provides farmers with customised inputs, advice, financial services, and market connections for distribution. It also connects farmers with third-party lenders for working capital and large enterprises for bulk selling, such as Reliance Fresh, Zomato, and Udaan. According to Fintrackr, the company is worth around $700 million post-money. The company currently serves 350,000 farmers in Bihar, Uttar Pradesh, Odisha, and West Bengal and aims to serve 5 million farmers by 2024.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
