• About
  • Contact
Tuesday, March 2, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

Abdul Kadir Khan by Abdul Kadir Khan
January 19, 2021
in News
3 min read
0
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

DeHaat CEO and Founder Shashank Kumar

Share on FacebookShare on Twitter

The last few years have brought different innovative startups to India. Fintech and Edtech is the most growing field for new ventures. India is still known as Agriculture dominated country.

To make things better for farmers and consumers, Agri-tech startups are also growing. DeHaat is one such unique Agri-tech startup. In its series C funding, the startup has raised $30 Million from its existing investors.

Funding details and Investors View about DeHaat

DeHaat’s initial target is to help 10 million farmers. Through its digital initiative, the startup wants to increase the profit margin for the existing farmers. To achieve its goal, DeHaat is providing nearby service delivery centers. The company is also inviting different agriculture companies for the betterment of the Indian Farmers.

With the current funding of $30 million, DeHaat plans to expand its network. The company is planning to start its existing operations in different geographical areas of India. Since the company is technology-driven, so they also want to improve data science and deep learning for better strategy and results.

In earlier funding rounds, it raised $12 million(83 crores) in April 2020. $4 million and $3 million investments were raised in March, and May of 2019 respectively.

Sequoia Capital India, FMO, Omnivore, and AgFunder are the main investors of DeHaat Dexter Capital was the financial advisor in the last round of funding. DeHaat is also looking for acquiring other companies as a plan to expand the operations.

DeHaat investors also praised DeHaat operations. Ashutosh Sharma, Head of Prosus Ventures in India, said, ” we are happy to be one of the investors in DeeHaat. The Startup will have a great impact in India where the economy mainly depends on agriculture and the farmers. It is commendable to see that DeHaat is creating entrepreneurs in rural areas where opportunities are limited.”

Another investor RTS global said, ” we have a close watch on DeHaat from last 18 months. Development is amazing. DeHaat has the proper infrastructure for the exploding agritech industry in India. It is a challenging market but Shashank and the team have the right expertise to grow. We are excited to be on board.

DeHaat Growth and Operations

Shashank Kumar, co-founder, and CEO of DeHaat, is quite happy with the scalability of the operations. He said that the company is bringing a positive change in the life of Indian Farmers and small entrepreneurs in rural area.

DeHaat is providing solutions through mobile app and call centers

DeHaat was founded by IIT alumni Shashank and Manish Kumar. Amrendra Singh, Shyam Sundar, and Adarsh Srivastav are the other founding team members. Later, Manish left DeHaat. The company was founded in 2012. Its head offices are located in Patna and Gurugram.

As per DeHaat official statement, currently, it is working with the farmers and micro-entrepreneur of UP, Odisha, Bihar, and Jharkhand states. 360, 000 farmers and 1300 small entrepreneurs have taken the advantage of DeHaat services. DeHaat saw annual growth of 3.5x in the last two years.

DeHaat is helping the farmers through its AI-based content about pest control and disease management in the crops. The company is providing more than 4000 inputs to farmers through its mobile app and call center.

To get a better rate for the farmers’ crops, DeHaat has a network of 500 buyers who buys the items directly from farmers.

Previous Post

Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

Next Post

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

UPI Crossed Rs 4 Trillion Transactions Mark First Time in December
News

In February, UPI Recorded 2.29 Billion of Transactions Worth Rs 4.25 Trillion

March 1, 2021
Apple Leads Global Smartphone Market for First Time Since 2016
News

Apple Leads Global Smartphone Market for First Time Since 2016

February 26, 2021
Infra.Market Raise $100 Million to Join Unicorn Club
News

Infra.Market Raise $100 Million to Join Unicorn Club

February 26, 2021
Justdial Launches JD Mart, an Exclusive B2B Sellers Platform
News

Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

February 25, 2021
Innovaccer Joins Unicorn Club with a Fresh Funding of $105 Million
News

Innovaccer Joins Unicorn Club with a Fresh Funding of $105 Million

February 25, 2021
Aditya Birla Fashion Partners with Tarun Tahiliani for Men’s Ethnic Wear
News

Aditya Birla Fashion Partners with Tarun Tahiliani for Men’s Ethnic Wear

February 24, 2021
Next Post
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Early Kid Development, Women Entrepreneurship & Marketing With Shireen Sultana

Early Kid Development, Women Entrepreneurship & Marketing With Shireen Sultana

4 months ago
Diversifying beyond the Initial Tobacco Business, Story of DS Group

Diversifying beyond the Initial Tobacco Business, Story of DS Group

2 years ago
TCS Market Cap- Next Big Brand

TCS Records 0.2% Rise In Q3 Profit At ₹ 8,118 Cr & Announces ₹ 5 Share

1 year ago
automobile sales - next big brand

Dark Times Continue to Linger – Overall Automobile Sales in India is Down by 19.08%

12 months ago

FOLLOW US

  • 28.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • In February, UPI Recorded 2.29 Billion of Transactions Worth Rs 4.25 Trillion
  • Insights of Indian Natural Super Foods Ecosystem with Pali Farms Founder Anay Tripathi
  • Under Armour: Journey of a Successful Sportswear Brand to Uncertain Future

Instagram

Follow Me!

Latest News

UPI Crossed Rs 4 Trillion Transactions Mark First Time in December

In February, UPI Recorded 2.29 Billion of Transactions Worth Rs 4.25 Trillion

March 1, 2021
Insights of Indian Natural Super Foods Ecosystem with Pali Farms Founder Anay Tripathi

Insights of Indian Natural Super Foods Ecosystem with Pali Farms Founder Anay Tripathi

March 1, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.