DeHaat, an Indian technology platform offering end-to-end agricultural services to farmers, raised $115m in Series D funding.
The round was led by Belgium based investment firm Sofina and Lightrock India. Temasek co-invested in the round, with participation from existing investors Prosus Ventures, RTP Global, Sequoia Capital India and FMO.
The company intends to use the funds to expand operations and its business reach.
Based in Gurgaon and Patna and founded in 2012 by IIT, IIM & NIT alumni Amrendra Singh, Shyam Sundar, Adarsh Srivastav & Shashank Kumar, DeHaat is a technology-based business to farmers (B2F) platform that offers full-stack agricultural services to farmers, including distribution of high-quality agricultural inputs, customised farm advisory, access to financial services, and market linkages for selling their produce.
The company has currently built a rural retail network of more than 3,000 DeHaat microentrepreneurs for last-mile delivery as well as aggregation, serving more than 650,000 farmers located across Bihar, UP, Jharkhand & Odisha. DeHaat has now started expanding to new geographies like MP & Rajasthan with a complete 360 degree set of agri offerings for farmers.
Earlier this year, it acquired Farm Guide – a SaaS based platform to provide satellite-based insights & advisory to farmers.
FinSMEs
28/10/2021