Patna-based Agritech Startup, DeHaat has raised $4.3M from the Impact investor Omnivore in pre-series A round.
Omnivore Partners, a venture fund invests in early-stage agricultural technology companies in India. It mainly focuses on and supports startups that are developing solutions to enhance farm productivity, support agricultural sustainability, and modernize agribusiness supply chains.
Several angel investors and US-based agriculture investor, AgFunder also participated in the funding round. Interestingly, Zomato Co-founder Pankaj Chaddah also invested in the round.
DeHaat is Indian based agritech platform that offers end to end agriculture services to Indian farmers with a motive to improve the efficiency of an agriculture value chain.
Founded in 2012 by Shashank Kumar, DeHaat is an online marketplace for farm products and services. It connects small farmers to their various needs like fertilizers, crop advisory, seeds, equipment, and market linkage by bridging through an extensive network of micro-entrepreneurs.
The trademark company gives access to registered farmers to a wide range of agricultural inputs straight from competitive sources. The farmers get customized crop remainder call in the local language and as well as crop monitoring support.
The farm produce products are sold directly to the institutional buyers. Farmers place their variety of agri-inputs or agri-outputs through the toll-free number or mobile app and get last mile services.
The company enables farmers to market their products to ITC, Godrej, Reliance, Metro, etc. of value more than INR 3.5 Crore per month in U.P, Bihar, and Odisha.
Currently, it is catering about 56,000 farmers mainly in the north and eastern India. The latest fund infusion, DeHaat looks to reach out to over 250K farmers over the next 12 months.
The startup plans to set up 14 regional warehouses to store inventory and also plans to expand to Rajasthan, Maharashtra and Madhya Pradesh, in the next year.