It was founded by IIT, IIM and NIT alumni Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar.
DeHaat connects farmers to suppliers and buyers on a single platform. Online marketplace providing all the agricultural products and services to farmers.
Started in 2012 and based in Gurugram (Haryana) and Patna (Bihar). DeHaat is a technology based platform, offering end to end agricultural services to farmers.
It was founded by IIT, IIM and NIT alumni Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar.
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.
Currently, DeHaat said it serves over 7,00,000 farmers across Bihar, Uttar Pradesh, Jharkhand, West Bengal, Odisha, Madhya Pradesh and Rajasthan.
DeHaat is backed by investors like Prosus Ventures, Sequoia Capital India, RTP Global, FMO and Omnivore, Sofina and Lightrock.
On the acquisition, Amrendra Singh, Co-founder - DeHaat, said: "We have been consistent with 35-40% growth in our network on a month on month basis. this acquisition will cement our footprint into Maharashtra and thereby the Western part of India".
This is the third acquisition for DeHaat.
Last year, it acquired FarmGuide, which allowed them to integrate Satellite-based crop advisory solutions for farmers.
DeHaat said it was aiming for a pan India expansion of farmer communities and its micro-entrepreneur network over the next 10-12 months.
DeHaat business model?
DeHaat follows a phygital model by leveraging tech and also using the last-mile network. Farmers can place their orders for agri-inputs via DeHaat's helpline or an app developed by the company in Hindi. While 12-15% of the farmers use the app, and the rest uses the customer care service.
What does DeHaat do?
DeHaat is one of the fastest-growing start-ups in the Agri Tech sector and one of the very few companies providing end-to-end solutions and services to the farming community in India. We are building AI-enabled technologies to revolutionize supply chain and production efficiency in the farm sector.
The funding round can take DeHaat's post-money valuation to over $1 Bn, making it the first agritech startup in the country to turn unicorn. “Around 30 % of the ongoing round is already subscribed and the Series E is getting good traction from investors,” one of the sources said.
DeHaat is rated 4.0 out of 5, based on 88 reviews by employees on AmbitionBox. DeHaat is known for Skill development which is rated at the top and given a rating of 4.0. However, Job Security is rated the lowest at 3.6 and can be improved.
Indian agritech startups are implementing emerging technologies like AI, data analytics, and IoT and helping Indian farmers increase productivity and reap better yields. This disruption has struck the attention of investors, who want to uplift the sector and bring about the best of its potential.
DeHaat Centre is a one-stop-shop for full-stack agricultural services. Farmer gets access to quality material inputs, coordinates the sale of their produce to institutional buyers and receives science-based farming advisory in a timely manner, often personalized based on their specific farming conditions.
India is home to more than 1,000 agritech startups and several venture capital funds, debt funds and angel investors have been backing startups in this segment for a long time.
Agritech startups are leveraging technology in the area of market linkages such as retail, B2C and B2B marketplaces and digital agronomy platforms.
Where is DeHaat's headquarters?
DeHaat is located in Patna City, Bihar, India.
About Us Dehaat company??
DeHaat is one of the fastest-growing start-ups in the Agri Tech sector and one of the very few companies providing end-to-end solutions and services to the farming community in India. We are building AI-enabled technologies to revolutionize supply chain and production efficiency in the farm sector. Currently, we are operating in - Bihar, UP, Odisha, and WB - with 1 million+ farmers in our service network and our goal is to bring our services to 5 million farmers by 2024.
Founded by the alumni from IIT Delhi, IIT Kharagpur, IIM Ahmedabad and other top institutes - DeHaat is now a fully funded start-up with a growth rate of 3-4x annually. The impact we have created at grass root level over the last 8 years of our operations has been phenomenal, as recognized and felicitated by NASSCOM, Forbes, ET, Niti Aayog, and Bill Gates Foundation, and many more.
About Founder, co-founder and CEO?
It was founded by IIT, IIM and NIT alumni Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar.
Commentaires