Agritech start-up DeHaat raises $12M to reach more farmers in India
DeHaat, an online platform that uses full-stack agricultural services to farmers, has actually raised $12 million as it looks to scale its network across India. The Series A monetary round for the eight-year-old Patna and Gurgaon-based startup was led by Sequoia Capital India. Dutch entrepreneurial advancement bank FMO, and existing financiers Omnivore and AgFunder, likewise took part […] The platform assists farmers protected thousands of agri-input products, including seeds and fertilizers, and receive tailored advisory on the crop they ought to plant in a season. The start-up will use the fresh capital to extend its network to 2,000 rural retail centres, on-board more micro-entrepreneurs for last-mile shipment and reach 1 million farmers by June of next year, said Kumar.”This market is on the verge of an enormous transformation thanks to alleviate of regulation, farmers getting organized and increasing penetration of smartphones.”The tipping point that led to Sequoia India’s decision to partner with them was the field go to, where the farmers expressed how proud they were to be associated with a platform they felt genuinely worked in their favour. …
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