#dehaat

[timestechnow]

Drone Destination & DeHaat partner to democratise Agri Drone solutions for Rural India

Drone Destination, India’s foremost Drone-as-a-Service provider and the largest DGCA-certified Drone Pilot Training company in India.

[nuadox]

Indian agritech platform DeHaat secures $115M Series D

- By Nuadox Crew -

India-based agritech startup DeHaat announced on October 26 it has secured a US$115M Series D funding round led by Sofina and Lightrock India.

DeHaat, India's largest agritech platform offering end-to-end agricultural services to farmers, announced today that 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. Dexter Capital and Vertices Partners were the advisors of this funding round.

Founded in 2012 by IIT, IIM & NIT alumni Shyam Sundar Singh, Amrendra Singh, Adarsh Srivastav & Shashank Kumar, DeHaat runs Business to Farmers (B2F) platform that offers full-stack agricultural services to farmers through its digitized network of 650,000 farmers, 3,000 plus micro-entrepreneurs for last-mile delivery and aggregation. DeHaat intends to drive efficiency and transparency in this US$ 350 bn industry.

Source: DeHaat

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[2startups]

DeHaat acquires B2B SaaS platform FarmGuide

Agritech startup DeHaat has announced it has acquired Farm Guide, a B2B Software as a Service ( SaaS) platform. While the details of the deal were undisclosed, Farm Guide’s spatial technology and data science will be integrated with DeHaat’s existing platform. Agritech startup DeHaat on Tuesday announced the acquisition of B2B SaaS platform FarmGuide. The latest move comes after a month after…

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[pavel-nosok]

Prosus Ventures leads $30 million investment in Indian agritech startup DeHaat

Prosus Ventures leads $30 million investment in Indian agritech startup DeHaat

Once overlooked, agritech startups are beginning to have a moment in India. On Tuesday, DeHaat, an online platform that offers full-stack agricultural services to farmers, said it has raised $30 million in a new financing round as the Indian firm looks to maintain its accelerated growth despite the pandemic. Prosus Ventures, formerly known as Naspers Ventures, led Patna and Gurgaon-based…

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[cdrforea]

Agritech startup DeHaat raises $12M to reach more farmers in India – smarthometec

New Post has been published on https://bestedevices.com/agritech-startup-dehaat-raises-12m-to-reach-more-farmers-in-india-smarthometec.html

Agritech startup DeHaat raises $12M to reach more farmers in India – smarthometec

DeHaat, an online platform that provides farmers with comprehensive agricultural services, has raised $ 12 million to expand their network across India.

The series A financial round for the eight-year-old startup from Patna and Gurgaon was led by Sequoia Capital India. The Dutch bank for entrepreneurial development FMO and the existing investors Omnivore and AgFunder also took part in the round. The startup, which started receiving funds from external investors last year, has raised $ 16 million and venture capital of $ 3 million to date.

DeHaat (meaning Hindi village) takes the pressure off farmers by bringing brands, institutional financiers and buyers together on one platform, Shashank Kumar, co-founder and CEO of the startup, said in an interview with smarthometec.

The platform helps farmers secure thousands of agricultural products, including seeds and fertilizers, and receives tailored advice on the harvest to sow in one season. "We have created a comprehensive database of crop tests to advise farmers," he said.

DeHaat, which has 242 employees, also helps them get in touch with 200 institutional partners to provide working capital to farmers and helps them post-season earnings to major customers such as Reliance Fresh, the startup for food delivery Zomato, for sale and business-to-business e-commerce giant Udaan.

DeHaat currently operates in 20 regional hubs in eastern India – countries like Bihar, Uttar Pradesh and Jharkhand – and serves more than 210,000 farmers, said Kumar.

Shashank Kumar, Amrendra Singh, Adarsh ​​Srivastav and Shyam Sundar Singh co-founded DeHaat in 2012

The startup has built a network of hundreds of micro entrepreneurs in rural areas who distribute agricultural goods from their regional hubs to farmers and then return production to the same hub.

"We have an app in the local languages ​​and a helpline switch that allows farmers, many of whom do not have a smartphone, to reach us and explain their vulnerabilities and needs," he said.

DeHaat does not charge a fee for his advice, but makes a cut if farmers use their platform to buy agricultural commodities or sell their crops.

The startup will use the fresh capital to expand its network to 2,000 rural retail centers, have more micro-entrepreneurs on the last mile for delivery, and reach 1 million farmers by June next year, Kumar said. DeHaat is also working on automating its supply chain and developing more complex data analysis.

At stake is India's $ 350 billion agricultural market serving nearly 100 million smallholders and independent farmers, said Abhishek Mohan, VP of Sequoia Capital India. the VC fund that issues more checks than anyone else in the country.

“Thanks to simple regulation, the organization of farmers and the increasing spread of smartphones, this industry is facing massive change. DeHaat uses these trends to build the next generation product in the agricultural supply chain, ”said Mohan in a statement.

“The turning point that led Sequoia India to choose to work with them was the field visit, where farmers expressed how proud they were to be connected to a platform they believed they had really works in their favor. This effect and the deep brand loyalty result from the razor-sharp focus, the deep empathy and the good execution of the management team, ”he added.

[ajayuikey]

Agritech startup DeHaat raises $12M to reach more farmers in India – TechCrunch

DeHaat, an online platform that offers full-stack agricultural services to farmers, has raised $12 million as it looks to scale its network across India.

The Series A financial round for the eight-year-old Patna and Gurgaon-based startup was led by Sequoia Capital India. Dutch entrepreneurial development bank FMO, and existing investors Omnivore and AgFunder, also participated in the round. The…

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