Dehaat is an agri-tech startup offering value added services to farmers in rural India covering the entire value chain from input, output, to advisory, all at the farm gate – leveraging technology and innovation. They are working to expand the value proposition by including insurance, warehousing and farmer credit facilities.
Dehaat is currently serving over2,10,000 farmers, largely in the north and eastern states of Bihar, Uttar Pradesh, and Odisha and are looking to expand their operations in Rajasthan, Maharashtra and Madhya Pradesh soon. To be able to have a larger impact and provide more value-added services to the farmers, DeHaat raised ₹29 crores in a funding round led by impact investor Omnivore Capital and AgFunder, early last year. They further went on to raise ₹20 crores in venture debt from Trifacta Capital, a few months later. This funding round will help DeHaat in providing end-to-end agricultural services to farmers, including distribution of high-quality agri inputs, soil testing, customized farm advisory, warehousing support, access to financial services and market linkages for selling their produce. As we prepare to post this Newsletter, we just received news that DeHaat has raised another round of funding of $12 million led by Sequoia Capital, India and Dutch Entrepreneurial Development Bank FMO and joined in by the existing investors Omnivore Capital and AgFunder.
Dehaat also intends to create a humongous repository on farmland data complete with land parcel size, soil variety, crops cultivated, levels of production and quality of produce, among other data points, which overtime may become one of the largest farm data repository in the country which could help large scale agri-output buyers to source produce in an organised fashion.