Patna-based agri-tech platform DeHaat has raised USD 115 million as a part of its Series D round led by Belgium-based Sofina and Lightrock India, besides Temasek. Existing investors Prosus, RTP Global, Sequoia Capital India and Dutch development bank FMO also participated.
Founded in 2012, DeHaat offers end-to-end agriculture services, including crop advisory, market linkage platform, financial services and products for farming such as feedstuff and fertilizers, to farmers. The company will use the money to expand its presence, upgrade its technology infrastructure and fund its financial services offerings. It has so far raised nearly USD 157 million.
The firm has over 850 professionals with expertise in growth and strategy, supply chain, technology and agricultural science. It will continue to focus on bringing more relevant services to farmer partners, including animal-related services and crop spraying. DeHaat's model will continue to be crop-agnostic.
From the Venture Intelligence PE-VC Deal Database: Between Mar-19 and Jan-21, DeHaat raised nearly $47-M from AgFunder, Narotam Sekhsaria Family Office, Prosus Ventures, RTP Global, Omnivore Partners, FMO, Sequoia Capital India, Trifecta Capital and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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