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- DeHaat
DeHaat Valuation, Funding & Investors
DeHaat is valued at $700M as of October 2022.
Last DeHaat valuation
$700M
Series E · Oct 2022
Last DeHaat funding round
$60M
Series E · Oct 2022
Cumulative funding DeHaat raised
$221M
across 5 funding rounds
Key investors in DeHaat
Peak XV Partners
RTP Global
Prosus Ventures
AgFunder
Omnivore
FMO
About DeHaat
DeHaat is a Noida-headquartered agritech platform that serves 1.7 million farmers across 12 Indian states through 15,000 micro-entrepreneur-led centers. The company supplies seeds, fertilizers, crop protection products, and farm equipment while providing AI-driven crop advisory via mobile app and local-language calls. Farmers benefit from on-demand field visits, veterinary services, and direct sales to institutional buyers like Reliance Retail and BigBasket. Founded in 2012, DeHaat has raised over $200 million in funding from investors including Prosus and Temasek, enabling expansion into Bihar, Uttar Pradesh, and Punjab.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Product sales, Services
Valuation
$700M (Oct 2022)
DeHaat Valuation
DeHaat is currently valued at $700M, based on its Series E in October 2022.
The $60M round was led by Sofina and Temasek, with participation from Prosus Ventures and RTP Global.
DeHaat's valuation has grown 1.4x from $500M at its Series D in October 2021 to $700M in October 2022, across 2 priced rounds.
DeHaat valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Series E | $700M |
| Oct 2021 | Series D | $500M |
DeHaat Funding History
DeHaat has raised a total of $221M across 5 funding rounds.
DeHaat's first fundraising round was a $4M seed round in March 2019. The most recent completed round was a $60M Series E in October 2022.
DeHaat funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2022 | Series E | Sofina (lead); Temasek (lead); Prosus Ventures; RTP Global | $60M | $700M | DeHaat, an Indian agritech startup headquartered in Patna and Gurgaon, provides end-to-end agricultural services to farmers, including distribution of high-quality inputs, personalized farm advisory, financial services access, and market linkages for produce sales. It operates a last-mile supply chain across over 110,000 villages in 150 districts through more than 10,000 centers, and has onboarded over 2,000 agribusiness institutions such as input manufacturers, FMCG companies, banks, insurers, and exporters. The company raised $60 million in its Series E funding round around October 21, 2022, co-led by Sofina and Temasek Holdings, with participation from existing investors Prosus Ventures, RTP Global, and Lightrock India. Advisors were Dexter Capital and Vertices Partners. The round valued DeHaat at $700-800 million, as stated by co-founder and CEO Shashank Kumar and confirmed by sources familiar with the matter. This marked DeHaat's third fundraise in two years, following a $115 million Series D in October 2021 led by Sofina and Lightrock with Temasek, Prosus, RTP Global, Sequoia Capital India, and FMO. The fresh capital aims to onboard over one million more farmers, expand service offerings, deepen penetration in existing geographies, and pursue acquisitions, including advanced talks for a $10 million deal for category expansion. DeHaat had completed six prior M&As, most recently acquiring YCook India and FieldFresh Foods to tap global markets for Indian farmers. DeHaat reported 60x growth over the prior 40 months, positioning it for profitability with goals to achieve EBITDA break-even within 12 months and overall profitability within two years, supported by strong unit economics and 70% of prior funding remaining for a 40-month runway. It plans no new geographies for the next 3-5 months, focusing on current states before potential Southern India expansion. The round reflects investor focus on startups with clear profitability paths amid market shifts. |
| Oct 2021 | Series D | Lightrock (lead); Sofina (lead); Temasek; FMO; Prosus Ventures; RTP Global; Peak XV Partners | $115M | $500M | DeHaat is an Indian agritech company founded in 2012 that provides full-stack farm solutions, including agri-inputs, advisory services, and market linkages to farmers across multiple states through over 15,000 digitally connected micro-entrepreneur-led centers. In October 2021, DeHaat raised $115 million in its Series D funding round, described as India's biggest-ever agtech round, co-led by Lightrock and Sofina, with participation from investors including Peak XV Partners (formerly Sequoia India), Prosus Ventures, RTP Global, Temasek Holdings, and FMO. This followed its Series C round of $30 million in January 2021 from Prosus, AgFunder, and Omnivore, bringing total funding to $157 million over 30 months prior to Series D. The funds supported expansion beyond northeastern India to major agriculture clusters, growth of its team to over 850 professionals, and recruitment of 3,000 micro-entrepreneurs for rural logistics. At the time of the Series D, DeHaat served nearly 650,000 farmers primarily in India's northeastern states and had made strategic acquisitions like FarmGuide for spatial imagery and data science in February 2021, and VezaMart in 2019 to bolster its marketplace and advisory services. The company reported 5x growth in the seven months leading up to the announcement. Later financials show DeHaat's scale: FY23 revenue of Rs 1,997 crore with net loss of Rs 1,094 crore; FY24 operating revenue of Rs 2,720-2,700 crore with operational loss of ~Rs 245 crore and net loss of Rs 1,113 crore; FY25 revenue of nearly Rs 3,000 crore (11% YoY growth), with annual revenue run rate of Rs 4,000 crore, Q1 FY26 EBITDA breakeven, and net profit of Rs 369 crore (largely non-cash) but operational loss of Rs 207 crore. FY25 revenue breakdown included Rs 606.7 crore from inputs/services and Rs 2,392.7 crore from output linkages. The company raised INR 200 crore in venture debt from Trifecta Capital in 2025 for expansion into exports and processed foods, targeting full-year profitability in FY26. |
| Jan 2021 | Series C | Prosus Ventures (lead); AgFunder; FMO; Omnivore; RTP Global; Peak XV Partners | $30M | - | - |
| Apr 2020 | Series A | Peak XV Partners (lead); AgFunder; FMO; Omnivore | $12M | - | - |
| Mar 2019 | Seed | Omnivore (lead); AgFunder | $4M | - | DeHaat is a Gurugram and Patna-based agritech platform offering full-stack agricultural services to smallholder farmers across Bihar, Uttar Pradesh, Odisha, and Jharkhand. The company provides distribution of high-quality agricultural inputs, customized farm advisory services powered by an ICT platform called Agrevolution, access to financial services, and market linkages connecting farmers to institutional buyers including exporters, food companies, retail chains, and FMCG giants. In March 2019, DeHaat raised $4 million in pre-Series A funding led by impact investor Omnivore, with participation from US-based AgFunder, Pankaj Chaddah (co-founder of Zomato), and an undisclosed family office. The company was projected to achieve Rs 45 crore in revenue for fiscal 2018-19, up from Rs 21 crore in 2017-18, and was operating with positive EBITDA despite never having previously raised institutional capital. DeHaat planned to use the funding to expand its farmer network to 250,000 across Eastern India and launch farm credit and crop insurance services. By the time of its Series A round in March 2020, DeHaat had grown to serve over 210,000 farmers with access to more than 3,000 agricultural inputs, and had achieved 3.5x annual revenue growth year-over-year. The company aggregates produce from its farmer network and directly supplies to over 200 commodity bulk buyers. DeHaat subsequently raised $12 million in Series B (2020), $30 million in Series C (January 2021), and $115 million in Series D funding, becoming India's largest agtech raise on record. |
Who has invested in DeHaat?
9 investors have backed DeHaat across its funding rounds, including Peak XV Partners, RTP Global, Prosus Ventures, AgFunder, Omnivore and FMO.
Lead investors include Sofina, Temasek, Lightrock, Prosus Ventures, Peak XV Partners and 1 other investor.
DeHaat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2019 | ||
| 3 | Participant | Apr 2020 | ||
| 3 | Lead | Mar 2019 | ||
| 3 | Lead | Jan 2021 | ||
| 3 | Participant | Jan 2021 | ||
| 3 | Lead | Apr 2020 | ||
| 2 | Lead | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 9 DeHaat investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by DeHaat
DeHaat has acquired 7 companies to date.
Last acquisition by DeHaat was on June 2nd 2025. DeHaat acquired NEERX for undisclosed valuation.
Latest Acquisitions by DeHaat
| Description | - | AgriCentral is an Indian digital farming app utilizing GPS, satellite imagery, big data, and machine learning for yield forecasting and input optimization on rice, cotton, and sugarcane fields. Based in Hyderabad since 2017, it equips 1 million farmers in Andhra Pradesh and Telangana with pest detection via photo analysis and market price alerts linked to e-NAM mandis. | Freshtrop Fruits is an Indian exporter of fresh fruits and producer of fruit pulps for domestic markets. Listed on the Bombay Stock Exchange, the company ships bananas, grapes, pomegranates, and mangoes to international destinations including Europe and the Middle East from facilities in Maharashtra. Its processing plants manufacture Alphonso mango pulp, Kesar mango pulp, Totapuri mango pulp, guava pulp, and pomegranate pulp meeting global food safety standards. Headquartered in Mumbai, Freshtrop serves food manufacturers and retailers worldwide. | - | |
| HQ Country | |||||
| HQ City | - | Bangalore | Ahmedabad | - | |
| Deal Date | 2 Jun 2025 | 22 Jan 2025 | 14 Nov 2023 | 18 Apr 2022 | |
| Valuation | undisclosed | undisclosed | $9M | $4M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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DeHaat Competitors
DeHaat competitors include listed companies like Gujarat State Fertilizers and AKVA Group, and private ones like LeafLink, Huimin, Bizongo and Knowde.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6M | - | $760M | 126.7x | ||
| Private | - | - | $506M | - | ||
| Private | $18M | - | $980M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $1.1B | $97M | $633M | 0.4x | ||
| Publicly listed | $466M | $54M | $558M | 1.5x |
DeHaat Public Comps
DeHaat is still privately-owned, but its public comps include Ridley Corp, ASOS, AO World, ASKUL, Dangote Sugar Refinery, WeBuyCars, MHP, almeera, DocMorris and Molinos Agro.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $927M | $70M | 1.2x | 0.5x | 15.3x | 9.1x | |||
| $3.3B | ($61M) | 0.4x | 0.5x | (22.8x) | 6.6x | |||
| $1.7B | $103M | 0.4x | 0.4x | 6.4x | 6.0x | |||
| $2.6B | ($100M) | 0.3x | 0.3x | (8.8x) | 263.4x | |||
| $623M | $45M | 1.9x | 1.9x | 26.1x | 9.1x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $3.8B | $621M | 0.8x | 0.7x | 4.7x | 5.0x | |||
| $799M | $83M | 1.2x | 1.1x | 11.3x | 11.5x | |||
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Common questions about DeHaat
| When was DeHaat founded? | DeHaat was founded in 2012. |
| Where is DeHaat headquartered? | DeHaat is headquartered in Patna, India. |
| Is DeHaat publicly listed? | No, DeHaat is a private, VC-backed company. |
| What is DeHaat's valuation? | DeHaat was last valued at $700M in its Series E in October 2022. |
| How much funding has DeHaat raised? | DeHaat has raised $221M across 5 funding rounds. |
| What was DeHaat's last funding round? | DeHaat's last funding round was a $60M Series E in October 2022, led by Sofina and Temasek. |
| Who are DeHaat's investors? | DeHaat's investors include AgFunder, FMO, Omnivore, Prosus Ventures, RTP Global, Peak XV Partners, Temasek, Sofina and Lightrock. |
| Which companies are comparable to DeHaat? | Companies comparable to DeHaat include LeafLink, Huimin, Bizongo, Knowde, Gujarat State Fertilizers and AKVA Group. |
| How many companies has DeHaat acquired? | DeHaat has acquired 7 companies, including NEERX, AgriCentral, Freshtrop Fruits, YCook and Helicrofter. |
| What was the largest acquisition by DeHaat? | The $9M acquisition of Freshtrop Fruits in November 2023 is the largest acquisition DeHaat has made to date. |
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