ImpactAlpha, March 19 – DeHaat launched in 2012 to help India’s small farmers connect to agricultural services and markets needed to grow their businesses. The company has built an online marketplace for agricultural inputs coupled with a network of farm extension services. It also helps farmers connect to financial services and buyers for their products.
DeHaat serves 5,000 farmers in the largely rural states of Bihar, Uttar Pradesh, and Odisha, offering them more than 500 products and connections to more than 100 buyers.
The company’s pre-Series A round was led by impact investor Omnivore and online agriculture venture capital invest AgFunder. An Indian family office and Pankaj Chaddah, founder of restaurant delivery platform Zomato, also backed the round.
The transaction is the third third agtech deal in India in a week, and the second from Omnivore, which earlier backed farming robotics company TartanSense.
It also marks AgFunder’s first investment in India.