Agritech platform DeHaat raises $115 million in Series D

DeHaat, the technology-based platform offering end-to-end agricultural services to farmers in India, announced it has raised US$115 million in Series D funding led by Belgium based investment firm Sofina and Lightrock India.

Temasek co-invested in the round, with participation from existing investors Prosus, RTP Global, Sequoia Capital India and FMO.

Founded in 2012 by IIT and IIM alumni Amrendra Singh, Shyam Sundar, Adarsh Srivastav, and Shashank Kumar, the company is a business to farmers (B2F) platform that offers full-stack agricultural services. This includes distribution of high-quality agricultural inputs, customized farm advisory, access to financial services, and market linkages for selling their produce.

“Through our due diligence, we became convinced that DeHaat is bringing substantial value-add to the farming community in India,” Yana Kachurina, Principal, Sofina said.

DeHaat is set to build a digitized network of farmers and a last-mile service provider. It will give direct access to farmers through its physical as well as digital platform.

Earlier this year, the company acquired Farm Guide, a SaaS based platform to provide satellite-based insights and advisory to farmers. The current tech team builds AI/ML based solutions related to crop advisory, last mile supply chain traceability and B2B SaaS agritech platform for input sellers as well as output buyers.