DeHaat to expand operations to MP, Rajasthan
January 19, 2021
Plans to beef up tech platform with $30 m raised from Prosus Ventures
Agritech services firm DeHaat, which mainly operates in Bihar, Jharkhand, Uttar Pradesh, and Odisha, proposes to expand its operations to Madhya Pradesh and Rajasthan utilising the latest funding of $30 million raised from investors led by Prosus Ventures.
RTP Global co-invested in the DeHaat’s C Series funding with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder. Prior to this round, DeHaat had raised a total of $16 million.
About 4 lakh farmers are using DeHaat’s technology platform to buy inputs such as fertilisers and seeds, sell their produce and also seek crop advisory and financial services, said co-founder and CEO, Shashank Kumar.
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