Liquidity Events
Agritech Startup DeHaat acquires 75% in processed food startup Y-Cook
Patna-headquartered agritech startup DeHaat is acquiring a majority stake in Bengaluru-based ready-to-cook processed food startup Y-Cook. DeHaat will hold close to 75.5% stake in YCook (on a fully diluted basis). For the primary component of the deal, DeHaat will be infusing USD 3.1 million in Y-Cook. Y-Cook aims to offer pre-cooked vegetables, fruits, and lentils without adding any additives and preservatives. Y-Cook further sells steamed snacks and ingredients.
From the Venture Intelligence PE-VC Deal Database: Between Apr-14 and May-18, Y-Cook had raised over USD 8 M from Omnivore Partners, 021 Capital and OikoCredit. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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