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DeHaat Raises US$30 Million Series C Led By Prosus Ventures

RTP Global co-invested in the round with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder.

New Delhi, India –19 January, 2021– DeHaat, thetechnology-based platform offering end-to-end agricultural services to farmers in India,today announced it has raised US$30 million in Series C funding, led by Prosus Ventures (formerly Naspers Ventures). RTP Global co-invested in the round with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder.

Shashank Kumar, Co-Founder & CEO, DeHaatsaid, “I am extremely proud that the DeHaat value proposition is very well demonstrated at a sizeable scale and that we are improving the livelihoods of Indian farmers and rural microentreprenuers with the help of technology. The recent investment from marquee investors like Prosus Ventures, RTP Global and others is a strong validation of our goal to become the world’s largest farmer aggregator and will help us scale up in both size and scope.”

Based in Gurgaon and Patna, DeHaat was founded in 2012 by IIT, IIM , NIT  almuni Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar. The company is a technology-based business to farmers (B2F) platform that offers full-stack agricultural services to farmers, including distribution of high-quality agricultural inputs, customized farm advisory, access to financial services, and market linkages for selling their produce.

With an aim to aggregate 10 million Indian farmers while helping them to also increase their profitability, the platform integrates a digital marketplace with a rural network of last-mile service delivery centers and connects various agricultural companies with farmers.

With a strong 60 member tech team, DeHaat has developed various web and mobile interfaces which deliver 100% transparency to farmers regarding associated agricultural input companies as well as bulk buyers of agricultural produce. With the Series C investment, the company plans to strengthen the technology platform and expand geographically to other parts of India.

Source: Business World

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