Sofina Ventures Leads INR 366 Cr Funding Round In DeHaat


Sofina Ventures led a Rs 366.6 crore funding round for DeHaat, an agritech platform. This is the company’s second round of funding, and it is based in Patna and Gurugram. According to a regulatory filing with the registrar of companies, the company’s board of directors approved a special resolution to issue 2,69,192 Series E preference shares at a price of Rs 13,620 per share in order to raise Rs 366 crore ($46 million).

Sofina Ventures led the round with Rs 240 crore, followed by RTP Global Partners, Prosus (Naspers Ventures), and Lightrock India, who each contributed Rs 48 crore, Rs 32 crore, and Rs 46.6 crore. According to media reports, Sofina Ventures will own 11.73 per cent of the company after the allotment, while Naspers, RTP Global, and Lightrock India will own 11.04 per cent, 5.22 per cent, and 6.43 per cent, respectively.

DeHaat is a platform that provides farmers with customised inputs, advice, financial services, and market access. It connects farmers with third-party lenders to obtain working capital and to sell in bulk, such as Reliance Fresh, Zomato, and Udaan. It currently employs over three lakh farmers in Bihar, Uttar Pradesh, Odisha, and West Bengal.

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