DEHAAT
Sid’s Farm raises $10 million in funding led by Omnivore
Venture fund Omnivore and family office of Ambuja Cements founder Narotam Sekhsaria lead funding round. The funds will be utilised to enhance Sid's Farm market presence in Bengaluru and Hyderabad. The firm claims serving over 25,000 customers across these two states.
Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss
Agritech startup DeHaat reported a 40% increase in operating revenue to Rs 2,700 crore in FY24. The company aims for profitability in FY25 and announced an Esop buyback program worth Rs 10 crore.
Agritech startup Fyllo raises $4 million in funding led by IndiaQuotient, SIDBI Ventures
Over 8,000 farmers are availing of Fyllo’s AI-based prediction models that suggest efficient agricultural practices, on more than 50,000 acres and have consistently received 25% more yield, 80% export-quality produce, and 30% more income, the company said.
Dehaat joins B2B agrifood companies in launching consumer brand
This development comes when venture capital-backed agriculture technology startups are struggling to scale margins on mainstay business and have pared workforces to cut costs.
Agritech firms expect budget to open up opportunities for them
The government will promote investment in post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding, finance minister Nirmala Sitharaman said.
Agritech DeHaat acquires Freshtrop Fruits’ export business for $9 million
The Sofina, Temasek-backed startup will be paying up a total of Rs 77 crore (about $9.3 million) in the deal, as per a regulatory filing from Freshtrop Fruits, a Rs 250 crore business that was founded in 1992 and listed on the Bombay Stock Exchange.
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Agritech firm Fyllo sees revenues surge three-fold in FY23, plans to launch crop insurance
Fyllo's IoT devices are designed to gather real-time data on various critical aspects of farming, including soil moisture levels, weather conditions, and crop health. It works with more than 5,000 farmers.
Agritech startup Arya aims to double profit, increase revenue by 70% to Rs 500 crore in FY24
Currently, most of the startup's revenue comes from storage/warehouse fee. But cofounder Prasanna Rao expects the fee from selling grain on its platform should be a bigger revenue model going forward. Commission on sales stood at Rs 40 crore in FY23 and he expects this to cross Rs 100 crore this fiscal.
Online B2B marketplaces a $200 billion opportunity by 2030, says report
Bessemer Venture Partners (BVP) has estimated the online-first and technology-enabled business-to-business (B2B) marketplaces category of startups to become a $200 billion market opportunity by 2023.
Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore
DeHaat has so far raised $221 million from investors like Sofina, Lightrock, Prosus Ventures, Sequoia Capital India, Omnivore partners, and FMO.
B2B startups cornered $8.5 billion in funding over past eight years: Matrix report
Corner funds across 500 rounds since 2015, with six unicorns formed in the segment: Matrix report
Agritech startups trim teams, rework business models in funding winter
The previously unreported layoffs have come after a period of two years of robust funding activity. About 63% of the total venture capital invested in agritech in India so far had been deployed in the last two years.
What to expect from the agritech sector in 2023
The agritech sector's resilience towards external disruptions has stoked investors into betting big on startups that have scalable agtech solutions to address some of the rampant issues that farmers and businesses face alike.
New-age agritechs will potentially drive $34 billion in GMV by 2027: report
Active participation of private growth investors in the sector, as seen in consumer tech-focused companies over the last five years, will prove to be a precursor for IPO timelines.
India on route to becoming digital superpower: Meta’s Nick Clegg; Sequoia responds as Algo dumps defamation suit
India’s take on digital issues is “refreshingly straightforward”, Nick Clegg, Meta’s president for global policy affairs, told us in an exclusive interview. He added that the country is “on route to becoming a digital superpower” and that in some respects, it already is.
Agritech startup DeHaat raises $60 million in Series E round co-led by Sofina, Temasek
Sofina Ventures and Temasek co-led the Series E funding, with other existing investors RTP Global Partners, Prosus Ventures and Lightrock India also participating in the round.
Right time for traditional agri enterprises to embrace technology, says new report
This was highlighted by the Agritech Report 2022, “What’s next for Indian agri-tech? Emerging opportunities and the way forward for India’s agricultural technology sector” launched by FSG, a global mission-driven consulting firm that partners with corporations and foundations to create equitable systems change.
India’s future unicorns worth $49 billion: Hurun Research Institute report
The report by the research house is a ranking of privately held Indian startups that were founded after the year 2000, worth at least $200 million and expected to turn unicorn in the next 2-4 years. Unicorns are privately held startups valued at $1 billion or more.
Agritech firm DeHaat acquires majority stake Y-Cook India
Y-Cook India is backed by investors such as Omnivore Partners, Oikocredit and 021 capital, among others. Oikocredit and 021 Capital will exit through this transaction, while Omnivore, which is also an investor in DeHaat, will swap its equity, the company said.
Agritech firm DeHaat acquires farm input startup Helicrofter
With the integration of Helicrofter, encompassing 2000+ agri-input retailers and 30 sellers across Maharashtra, DeHaat CEO Shashank Kumar said the company has added another major agriculture belt to its geographical footprint.
Agri-tech startup DeHaat raises $115 million led by Sofina, Lightrock India
Singapore government investment fund Temasek also co-invested in the round with participation from existing investors, Prosus Ventures, RTP Global, Sequoia Capital India and FMO, a senior company executive said.
Agritech platform DeHaat raises $115 million from Sofina, Lightrock & Temasek
DeHaat has been building a digitised network of farmers as well as last-mile service providers and providing direct access to farmers through its physical as well as digital platform.
Agritech startup Bijak in talks to raise $35 million led by Bertelsmann India
The startup also counts Omidyar Network, Omnivore Partners and Better Capital among its investors. It is part of Sequoia startup accelerator programme Surge’s second cohort of 2019.
As pandemic exposes vulnerability of urban jobs, rural India thrives on local level entrepreneurship
As technology makes strides in the hinterland, the local level entrepreneurs are making sure the rural consumer gets the best out of it.
Trifecta to launch Rs 1,500-crore equity fund for startups with imminent IPOs
As an increasing number of mature startups target the equity markets for a public market listing, late stage is emerging as a big investment opportunity for such funds.
Agritech platform DeHaat acquires SaaS startup FarmGuide
As part of the DeHaat-FarmGuide acquisition deal, FarmGuide’s founding team will now join DeHaat and build a full-stack platform for agribusiness, DeHaat CEO Shashank Kumar says.
RTP Global, Prosus lead DeHaat's $30 million funding round
Existing investors Sequoia Capital India, Dutch entrepreneurial development bank FMO, Omnivore and AgFunder also participated in this round.
Agri-tech startups reap nine-fold investment growth: Report
Investments in agri-tech sector shot up to $430.6 billion till March from $45.8 billion five years ago, says report
Sequoia leads $12 million round in DeHaat
DeHaat plans to use some of the funds raised to automate its supply chain and build the next layer of data analytics to further drive supply chain efficiency, the company said.
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