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[The Turning Point] Conversations with farmers in Bihar led IIT alum to found agritech startup DeHaat The Turning Point is a series of short articles that focuses on the moment when an entrepreneur hit upon their winning idea. Today, we take a look at agritech startup DeHaat, which now serves more than 360,000 farmers across Bihar, UP, Jharkhand, and Odisha. 0 claps Share on Shashank Kumar had no direct experience as a farmer, but wasn’t blind to the many problems farmers faced. “I hail from a farming community in Bihar and would often have interactions with farmers on my visits home. I realised there was a deep sense of unhappiness and low-income generation,” he says. ....
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. ....
[Funding alert] DeHaat raises $30M Series C investment led by Prosus Ventures, RTP Global Full-stack agritech platform DeHaat said the funding will be used for network expansion to different geographies and to strengthen its technology. 0 claps Share on Patna and Gurugram-based agritech platform DeHaat has raised $30 million in Series C funding led by Prosus Ventures (previously Naspers). The round also saw participation from existing investors Sequoia Capital India, FMO, Omnivore, and AgFunder. Dexter Capital was the exclusive advisor of this funding round. 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. ....
Prosus Ventures leads $30 million investment in Indian agritech startup DeHaat yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.