DeHaat, an online marketplace for farm products and services, has reportedly raised ₹30 crore in a funding meeting led by main investor Omnivore.
DeHaat is a tech based platform offering agricultural services to farmers, which includes distribution of high-quality inputs, farm advisory, access to financial services, and market linkages for selling their produce.
The startup was started by an IIT alumnus Shashank Kumar and it currently works with about 56,000 farmers largely in the north and eastern India.
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The funding will be used to expand and reach out to over 250,000 farmers over the next 12 months. The plan is to set up 14 regional warehouses to store inventory. The company plans to expand to Rajasthan, Maharashtra and Madhya Pradesh.
The managing partner of Omnivore added, “Increasing the profitability of smallholder farmers is the most important priority in rural India, and DeHaat has developed a scalable, sustainable model for doing exactly that.”
It is currently raising a $100 million second fund, of which it made the first close of $46 million in February last year.