DeHaat, a Gurugram and Patna-based online marketplace for farm services and products, has raised $30 million in its Series C round led by Prosus Ventures. RTP Global and existing investors Sequoia Capital India, FMO, Omnivore and AgFunder also participated in the round.
Till now, the startup raised a total of $46 million in equity and $3 million in venture debt.
The fresh proceeds will be used for network expansion to different states such as Rajasthan, Madhya Pradesh and Maharashtra, and to strengthen its technology, the statement said.
Founded by Shashank Kumar, DeHaat provides end-to-end services like high-quality segment-specific inputs, customised advising, financial services and market linkages to farmers for the sale of their produce.
DeHaat connects farmers with institutional partners to provide them working capital and at the end of the season and helps them sell their yields to bulk buyers such as Reliance Fresh, Zomato and Udaan, among others. It also provides customised crop advisory content of pest and disease management for major crops delivered through a mobile app and call centers.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.