Patna-based agritech startup DeHaat is in advanced discussions to raise $100 million in a Series E funding round, potentially pushing its valuation past $1 billion, making it India’s first agritech unicorn. Currently valued at $900 million, DeHaat is poised to join the unicorn club if the funding is successfully secured.
This funding will accelerate DeHaat’s growth, allowing it to expand its agritech services, which offer end-to-end solutions to farmers, including input procurement, advisory, and market access. The capital infusion will enable the startup to scale its operations nationwide, enhance its technology, and deepen market penetration.
Backed by Sequoia, DeHaat is expected to surpass Flipkart-backed Ninjacart in terms of valuation, solidifying its leadership in the agritech sector. With rising investor interest, DeHaat’s upcoming funding round highlights confidence in the startup’s business model and its potential to reshape India’s agricultural landscape.
Key Highlights:
- DeHaat on Verge of Unicorn Status: Series E funding round expected to push valuation beyond $1 billion.
- Expansion Plans: Funds will boost DeHaat’s nationwide operations, technology, and market penetration.
- Leadership Position: DeHaat poised to outpace Ninjacart, strengthening its hold in the agritech space.