DeHaat Raises Rs 366 Cr In Series E Funding Round

An Agri tech startup DeHaat raises Rs 366 crore in a series E funding round. It offers customised inputs, advising, financial services and market linkages to farmers for distribution

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DeHaat an agritech platform raises Rs 366.6 crore in a funding round led by Sofina Ventures. This is the second round of funding and the company is based in Patna and Gurugram. According to the regulatory filing with the registrar of companies, the board at the company has passed a special resolution to 2,69,192 Series E preference shares at an issue price of Rs 13,620 per share to raise Rs 366 crore or $46 million.

Sofina Ventures led the round with Rs 240 crore while RTP Global Partners, Prosus (Naspers Ventures) and Lightrock India pumped in Rs 48 crore, Rs 32 crore, and Rs 46.6 crore respectively. According to the media reports, Sofina Ventures will hold 11.73% of the stake while Naspers, RTP Global, and Lightrock India will command 11.04%, 5.22%, and 6.43% of the share capital respectively after the allotment.

DeHaat is a platform that offers customized inputs, advising, financial services and market linkages to farmers for distribution. It connects farmers with lenders of the third party to get the working capital and for selling in bulk such as Reliance Fresh, Zomato and Udaan for bulk selling. It currently operates in Bihar, Uttar Pradesh, Odisha and West Bengal with more than three lakh farmers.

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