Indian agritech DeHaat tops $700 million valuation in $60 million funding

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TechCrunch 1 mo ago

Indian agritech DeHaat tops $700 million valuation in $60 million funding - TechCrunch

Quick Summary:

DeHaat, a startup that offers a wide-range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years.

A fast-growing population and climate change mean Indian farmers need to adopt technology quickly to improve – and maintain – their yields.

Giants such as Reliance and Adani Group offer some services to farmers, but their involvement in the agriculture sector remains largely limited.