Temasek-backed agritech startup DeHaat said Tuesday it has acquired the fresh fruit export business of Freshtrop Fruit Ltd to expand its overseas operations that currently ..
The Sofina, Temasek-backed startup will be paying up a total of Rs 77 crore (about $9.3 million) in the deal, as per a regulatory filing from Freshtrop Fruits, a Rs 250 crore business that was founded in 1992 and listed on the Bombay Stock Exchange.
At a time when Indias startup ecosystem is under stress — facing governance issues, valuation markdowns, and exits by some marquee investors — RTP Global has launched its USD1 billion Fund IV. A third of this will be for ventures in India. Galina Chafina, partner, RTP Global Asia, discusses the startup scenario, governance, roles of investors and founders, and more.
India’s larger agritech startups showed significant improvement in their key financial metrics for FY22, with most of them inching closer towards breaking even, as per ..
A short runway, bleak funding prospects, a haemorrhaging bottomline, operational inefficiency and the pressure to grow rapidly have slowed DeHaat’s relentless march. Moneycontrol spoke to stakeholders, industry watchers, and experts to get a closer look at the troubles that are dogging the agritech ‘soonicorn’.