Dealflow | October 28, 2021

Dehaat secures $115 million Series D funding for continued expansion in India

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 28More than half of India’s population are farmers. Gurgaon-based online marketplace Dehaat, launched in 2012, connects 650,000 Indian smallholder farmers to more than 250 corporate buyers — and provides access to farming equipment, inputs and financing.

The Series D round was co-led by Belgium’s Sofina and Lightrock India, with participation from Singapore’s Temasek, Dutch development bank FMO and other international investors. It will use the investment to expand throughout the rest of India. The company aims to reach 5 million farmers by 2024.

Dehaat has raised $161 million to date, $145 million of which came this year, at a time global investors are pouring capital in India’s $350 billion agriculture industry (for context, see “Indian agtech startups attract global investors).