Total amount raised
$224.3 Millions
Latest funding date
Location
Title
DeHaat has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers comprehensive agricultural services, connecting farmers with essential resources and market opportunities.
Keep reading to delve into the details of DeHaat's funding journey and the investors who are backing this transformative AgriTech platform.
What Is DeHaat?
DeHaat, founded in 2012 in Patna City, Bihar, India, is an AgriTech startup revolutionizing the agricultural sector. The company was established by Abhishek Dokania, Adarsh Srivastava, Amrendra Singh, Shashank Kumar, and Shyam Sundar Singh.
DeHaat provides end-to-end agricultural services to Indian farmers, including access to seeds, fertilizers, crop protection, advisory services, and market linkage. Their platform connects small farmers to essential resources through a network of trained micro-entrepreneurs.
With a workforce of 1001-5000 employees, DeHaat leverages technology to improve supply chain and production efficiency, aiming to support farmers from the initial stages of farming to market access.
How Much Funding Has DeHaat Raised?
- Seed Round
- Amount Raised: $74.8K
- Date: May 2018
- Lead Investors: IIM Calcutta Innovation Park
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and services for farmers.
- Seed Round
- Amount Raised: ₹300M
- Date: March 2019
- Lead Investors: Omnivore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the network of micro-entrepreneurs and enhance service offerings.
- Debt Financing
- Amount Raised: $2.8M
- Date: May 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs and operational expansion.
- Series A
- Amount Raised: $12M
- Date: April 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase farmer outreach.
- Series C
- Amount Raised: $30M
- Date: January 2021
- Lead Investors: Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand service offerings.
- Series D
- Amount Raised: $115M
- Date: October 2021
- Lead Investors: Lightrock, Sofina
- Valuation at Round: Estimated between $500M to $550M
- Motivation Behind the Round: To solidify market position and drive growth.
- Series E
- Amount Raised: $60M
- Date: October 2022
- Lead Investors: Sofina, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve unicorn status and expand operations.
- Debt Financing
- Amount Raised: Not disclosed
- Date: February 2024
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
DeHaat has raised a total of $219.87M. The current valuation is not publicly disclosed.
Key Investors
- Sofina
- Details: Sofina is a Belgian investment company with a long history of supporting high-growth companies. They focus on providing patient capital to businesses with strong growth potential.
- Investment Focus Areas: Technology, Consumer, Healthcare, Education
- Notable Investments: Byju's, Swiggy, Pine Labs
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company with a global portfolio. They are known for their long-term investment strategy and focus on sustainable growth.
- Investment Focus Areas: Financial Services, Telecommunications, Media & Technology, Transportation & Industrials
- Notable Investments: Alibaba, Gojek, PayPal
- Lightrock
- Details: Lightrock is a global private equity firm that invests in businesses with a positive social impact. They focus on scalable and sustainable companies.
- Investment Focus Areas: Healthcare, Education, Energy, Financial Services
- Notable Investments: PharmEasy, Udaan, Dr. Consulta
- Prosus Ventures
- Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. They focus on building leading technology companies.
- Investment Focus Areas: E-commerce, Food Delivery, Fintech, Edtech
- Notable Investments: Tencent, Delivery Hero, Udemy
- Omnivore
- Details: Omnivore is an India-based venture capital firm that invests in startups working in the agricultural and food sectors. They aim to improve the lives of farmers and rural communities.
- Investment Focus Areas: AgriTech, FoodTech, Rural Livelihoods
- Notable Investments: Stellapps, Eruvaka, AgNext
What's Next for DeHaat?
DeHaat stands at the cusp of a significant opportunity, with the Indian agritech sector projected to reach $24 billion by 2025. The startup aims to expand its end-to-end agricultural services, enhancing market linkages and distribution of high-quality agri-inputs. This growth potential is bolstered by the recent $60 million Series E funding, positioning DeHaat to solidify its market presence and scale operations.
Future fundraising efforts are likely, as DeHaat targets a $100 million round to achieve unicorn status. However, challenges such as managing increased operational expenses and rising consolidated losses loom. Competing with well-funded agritech startups will also test DeHaat's resilience and strategic planning.
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