DeHaat, an India-based agtech startup providing end-to-end agricultural products and services to Indian farmers, has secured US$ 115 million in a Series D funding round co-led by Lightrock and Sofina on 26 October 2021.

Investors: The latest funding round featured Lightrock and Sofina as the lead investor with participation from Temasek, Sequoia Capital India, RTP Global, Prosus Ventures and FMO. The startup has managed to raise approximately US$ 164 million, in total, to date. DeHaat bagged US$ 30 million in the previous funding round held on 19 January 2021.

Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards diversifying its technological services for value-added offerings and people.

About DeHaat

DeHaat Logo

Brought to existence in 2012 by Amrendra Singh, Shashank Kumar, Shyam Sundar Singh and Adarsh Srivastava, DeHaat envisages fostering transparency and efficiency in the agriculture industry by developing an online network of farmers and last-mile service deliverers. It delivers all agricultural services through its tech-enabled business-to-farmer (B2F) interface. These services include individualised farm counselling, access to financial offerings, market connections for selling their products and dispensation of top-notch agricultural inputs. Presently, the company has created a remote retail network of over 3,000 micro businesses for aggregation and last-mile delivery, catering to more than 0.65 million farmers spread across Odisha, Bihar, Uttar Pradesh, and Jharkhand. The firm has begun its expansion process in areas such as Rajasthan and Madhya Pradesh.

What the Founder has to say: “Our aim at DeHaat is to create the biggest agtech platform worldwide. We have secured US$ 157 million from prominent investors in the past two and a half years. Our fleet of professionals holding proficiency in the supply chain, technology, strategy, agricultural science and growth has risen to over 850. We have witnessed five times growth in the past seven months. We feel that we are well-positioned to achieve success in the remaining major agriculture hubs of the country in the coming12 or 15 months.”-Shashank Kumar, CEO and Co-Founder of DeHaat.

What the Investor has to say: “Following DeHaat’s progress in the agriculture domain for a couple of years, we are captivated by the organisation’s high growth trend compounded with a robust network of micro-businesses. Technology-led implementation and unique social engineering have propelled DeHaat to structure the biggest first-mile network for farmers. The company is poised to revolutionise agriculture by increasing farmer’s income and enhancing agriculture yields.”- Vaidhehi Ravindran, Partner at Lightrock India.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.


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