Indian online agribusiness marketplace DeHaat has raised US$12mn in a series A round led by Sequoia Capital India
Dutch entrepreneurial development bank FMO, Omnivore and AgFunder participated in this round.
As reported in the Tech in Asia, DeHaat is set to scale up to 2,000 rural retail centres for last-mile delivery and farm produce aggregation, as well as boost the number of farmers on its network to one million by June 2021.
Additionally, the company is planning to use part of the capital to automate supply chain and boost data analytics capability to drive efficiency, the source added.
Abhishek Mohan, vice-president at Sequoia Capital India, said that DeHaat focuses on capitalising on India’s US$350bn agricultural sector that includes around 100mn small and independent farmers.
In March 2019, DeHaat raised US$4mn in a pre-series A round, which was led by Omnivore and AgFunder.
