Dealflow | May 16, 2019

Indian agtech venture DeHaat follows equity round with venture debt

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 16 – Gurgaon-based DeHaat runs an online marketplace to connect India’s smallholder farmers with products and equipment for their farms, as well as services to improve the productivity and efficiency of their businesses. 

DeHaat has raised 200 million rupees ($2.8 million) in debt from Mumbai-based venture debt firm, Trifecta Capital. The capital will be used to launch credit and insurance products for farmers on its platform, YourStory reports.

The debt round follows a $4 million equity round DeHaat raised in March. Agriculture-focused impact investor Omnivore and agtech investor AgFunder backed the equity round.

The company currently serves 100,000 farmers and is working towards a goal of reaching 250,000 farmers in 2019.