Sunday, December 4, 2022
Agri Food Tech News
SUBSCRIBE
  • Home
  • AgriTech
  • FoodTech
  • Farming
  • Organic Farming
  • Machinery
  • Markets
  • Food Safety
  • Fertilizers
  • Lifestyle
No Result
View All Result
Agri Food Tech News
  • Home
  • AgriTech
  • FoodTech
  • Farming
  • Organic Farming
  • Machinery
  • Markets
  • Food Safety
  • Fertilizers
  • Lifestyle
No Result
View All Result
Agri Food Tech News
No Result
View All Result

Sofina Ventures & Temasek lead $60m round for ag marketplace DeHaat

by agrifood
December 2, 2022
in AgriTech
Reading Time: 2 mins read
A A
0
Home AgriTech
Share on FacebookShare on Twitter


Disclosure: AFN’s parent company, AgFunder, is an investor in DeHaat.

Why it matters:

India’s farmers have historically dealt with fragmented supply chains that make it difficult to access inputs, buyers, financing and other things necessary for survival.

Online agribusiness marketplaces have emerged to connect farmers with such goods and services.

DeHaat is one of the fastest-growing startups in this sector. Its artificial intelligence-based platform is currently available in more than 110,000 villages over 150 districts in India. More than 1.5 million farmers use DeHaat.

The company says it has also onboarded over 2,000 agribusiness institutions, including input manufacturers, banks, exporters and others.

In the near term, DeHaat says it will focus on its existing geographies, with the goal of reaching break even in the next 12 months. From there, it will pursue new markets.

“DeHaat has seen 60X growth in the last 40 months and it now has laid a foundation for a clear path to profitability,” co-founder and CEO Shashank Kumar said in a statement. “Closing a $60 million round when 70% of the last raise is still left signifies a victorious status of DeHaat as a market leader in agtech. We aim to leverage this status to consolidate our growth towards efficiency and profitability. We aim to break-even in the next 12 months along with 2-2.5X growth on a YoY basis.”

The Agribusiness Marketplaces category led upstream funding in India for fiscal year 2022. Startups in this sector raised $569 million, according to AgFunder’s Indian AgriFoodTech Investment Report 2022.

DeHaat’s $115 million Series D from last year was the top deal from this time period, and India’s largest-ever round for agtech.



Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Like this:

Like Loading...
Tags: 60mDeHaatleadmarketplaceSofinaTemasekVentures
Share30Tweet19
Previous Post

Perfect Day doubles production capacity via SBL acquisition, gets green light for animal-free dairy in India

Next Post

$7m for Wildtype, layoffs at DoorDash: the week in agrifoodtech

Recommended For You

Air scales provide real time gross and axle weights for ag trucking

by agrifood
December 2, 2022
0

Staying in the agricultural hauling business means meeting weight regulations. Blue Ink Tech, a leader in trucking technology, has released the most recent addition to its BIT Full...

Read more

Fully electric, autonomous Monarch Tractor MK-V available commercially

by agrifood
December 1, 2022
0

Two years ago, Monarch Tractor revealed the world’s first fully electric, driver optional, smart tractor integrated on a single platform — one that would combine automation, machine learning,...

Read more

The Fertilizer Shortage Will Persist in 2023

by agrifood
December 1, 2022
0

New year, same shortage of fertilizer. The fertilizer crisis that has been steadily growing since 2021—when the World Bank reported a 66-percent increase in the price of fertilizer,...

Read more

Grant will leverage single-cell sequencing technologyAgriLife Today

by agrifood
November 30, 2022
0

The Texas A&M University System has received a $1.19 million grant from the National Institutes of Health, NIH, for a multidisciplinary collaboration to study the intricate connections between...

Read more

Indian agrifoodtech startups net record-breaking $4.6bn in fiscal 2022 year

by agrifood
November 30, 2022
0

Disclosure: AFN‘s parent company is AgFunder. Indian agrifoodtech startups netted a record-breaking $4.6 billion across 230 deals in the fiscal year 2022 (FY22), according to the AgFunder Indian...

Read more
Next Post

$7m for Wildtype, layoffs at DoorDash: the week in agrifoodtech

| Food Engineering

LATEST UPDATES

Food Safety

FSIS seeking public comments on a number of proposed rules and regulations for the USDA

by agrifood
December 4, 2022
0

The USDA’s Food Safety and Inspection Service are seeking public comments on proposed rules and notices, which are viewable on...

How to operate farming arrangements and avoid tax pitfalls

December 4, 2022

Net-zero farming ‘impossible’ without agri-tech investment

December 4, 2022

Opinion: Good soil holds the key to agricultural sustainability

December 4, 2022

A Sri Lankan dragonfly flits back to life

December 3, 2022

Botulism from food causes the death of a respected outdoorsman from Jackson Hole

December 3, 2022

Get the free newsletter

Browse by Category

  • AgriTech
  • Farming
  • Fertilizers
  • Food Safety
  • FoodTech
  • Lifestyle
  • Machinery
  • Markets
  • Organic Farming
  • Uncategorized
Agri Food Tech News

Agri FoodTech News provides in-depth journalism and insight into the most impactful news and updates about shaping the business of Agriculture

CATEGORIES

  • AgriTech
  • Farming
  • Fertilizers
  • Food Safety
  • FoodTech
  • Lifestyle
  • Machinery
  • Markets
  • Organic Farming
  • Uncategorized

RECENT UPDATES

  • FSIS seeking public comments on a number of proposed rules and regulations for the USDA
  • How to operate farming arrangements and avoid tax pitfalls
  • Net-zero farming ‘impossible’ without agri-tech investment
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Agri FoodTech News .
Agri FoodTech News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • AgriTech
  • FoodTech
  • Farming
  • Organic Farming
  • Machinery
  • Markets
  • Food Safety
  • Fertilizers
  • Lifestyle

Copyright © 2022 - Agri FoodTech News .
Agri FoodTech News is not responsible for the content of external sites.

%d bloggers like this: