SUMMARY
- DeHaat is in talks to raise $100 Mn in Series E, pushing its valuation past $1 Bn, making it India’s first agritech unicorn.
- The Sequoia-backed startup’s valuation will surpass Flipkart-backed Ninjacart after this round.
- The funding will enable DeHaat to scale its agritech platform and expand services to more farmers.
Patna-based agritech startup DeHaat is in advanced talks to raise $100 million in a Series E funding round, which could push its valuation past the $1 billion mark, making it India’s first agritech unicorn. According to sources, the pre-money valuation of DeHaat currently stands at $900 million, and the successful conclusion of the funding round would elevate the startup into the prestigious unicorn club.
The upcoming funding round will provide a significant boost to DeHaat’s growth trajectory, allowing it to expand its agritech services, which focus on providing end-to-end agricultural solutions to farmers. With this new infusion of capital, DeHaat aims to scale its operations across India, enhance its technology, and increase its market penetration.
Sequoia-backed DeHaat is set to surpass Flipkart-backed agritech startup Ninjacart in terms of valuation, further cementing its leadership position in the sector. The startup’s comprehensive platform offers a wide range of services to farmers, including input procurement, advisory services, and access to markets for better pricing of their produce.
As agritech continues to attract increasing attention from investors, DeHaat’s upcoming funding round signifies strong confidence in its business model and the sector’s potential to transform India’s agricultural landscape. The expected unicorn status would mark a major milestone for the startup and the agritech sector as a whole, which has been rapidly evolving in recent years.
