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Agritech startup DeHaat raises $46 mn led by Sofina Ventures at $695 mn valuation

Sofina Ventures led the round with Rs 240 crore, while RTP Global Partners, Prosus, and Lightrock India contributed Rs 48 crore, Rs 32 crore, and Rs 46.6 crore, respectively.

October 21, 2022 / 01:40 PM IST
Image Credits: TechStory

Image Credits: TechStory

Full-stack agritech startup DeHaat, on October 21, raised Rs 366.6 crore ($45.8 million) led by Sofina Ventures, according to the company’s regulatory filing with the Ministry of Corporate Affairs (MCA).

Entrackr was the first to report the story.

Sofina Ventures led the round with Rs 240 crore, while RTP Global Partners, Prosus, and Lightrock India contributed Rs 48 crore, Rs 32 crore, and Rs 46.6 crore, respectively.

After the current funding round, the company is valued at $695 million (considering the dollar at Rs 80). During its last funding round in October 2021, DeHaat was valued at over $500 million, effectively entering the soonicorn or 'soon-to-be-unicorn' club. A unicorn is a startup valued at over $1 billion.

Back then, the company raised $115 million in a round that saw participation by investors such as Sofina, Lightrock, Temasek, Sequoia, and Prosus, making it among the largest agritech fundings in India.

(This is a developing story. Check back for updates.)
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Moneycontrol News
first published: Oct 21, 2022 01:40 pm