DeHaat, a startup that offers a wide-range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years.
Sofina Ventures and Temasek co-led the Patna and Gurgaon-headquartered startup’s Series E funding, it said, at a valuation between $700 million and $800 million, according to a person familiar with the matter. Existing backers RTP Global Partners, Prosus Ventures and Lightrock India also participated in the new round.
Farming is a $350 billion industry in India, but farmers face a myriad of challenges in the country that were largely unaddressed until upstarts such as DeHaat arrived on the scene. Farmers struggle with securing agri- …
