PE Fund Investments
Agri-tech co DeHaat raises $60-M Series E funding led by Sofina, Temasek
Patna-headquartered agritech startup DeHaat has raised USD 60 million in a Series E funding round led by Sofina Ventures and Temasek. Prosus Ventures, RTP Global India, and Lightrock India also participated in the round. Dexter Capital and Vertices Partners were the transaction and legal advisors for this funding round. With the fresh capital, DeHaat aims to add over a million farmers to its platform and expand into newer geographies across the globe. DeHaat offers a range of agricultural services to farmers, including distribution of high-quality agricultural inputs, personalised farm advisory, access to financial services, and market linkages for selling their produce. The startup claims to have a last-mile supply chain in over 110,000 villages across over 150 districts in India, along with a digitised network of over 10,000 micro-entrepreneurs. It claims to have over 1.5 million farmers across Bihar, Jharkhand, Maharashtra, West Bengal, Rajasthan, Haryana, Madhya Pradesh, Odisha, Chhattisgarh, and Gujarat, using its services. The company has six M&As under its belt, the latest being twin acquisitions YCook India Pvt Ltd and FieldFresh Foods aimed at tapping into the global economy for Indian farmers.
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