DeHaat, an agritech firm, announced on Monday that it has acquired Helicrofter, an agri-input marketplace startup, in order to expand its presence in Maharashtra and other parts of West India. The deal’s value was not disclosed by the company.
DeHaat, founded in 2012 and based in Gurugram (Haryana) and Patna (Bihar), is a technology-based platform that provides farmers with end-to-end agricultural services.
Amrendra Singh, Shyam Sundar, Adarsh Srivastav, and Shashank Kumar, all IIT, IIM, and NIT alumni, founded it.
DeHaat CEO Shashank Kumar stated that with the integration of Helicrofter, which includes 2000+ agri-input retailers and 30 sellers across Maharashtra, the company has added another major agriculture belt to its geographical footprint.
DeHaat raised $115 million in a Series D round of funding in October, bringing the total fundraise to $160 million (roughly Rs 1,200 crore) so far.
DeHaat currently serves over 7,00,000 farmers in Bihar, Uttar Pradesh, Jharkhand, West Bengal, Odisha, Madhya Pradesh, and Rajasthan, according to the company.
Helicrofter, founded in 2020 by Siddhartha Choudhary, has an annual revenue of more than Rs 50 crore.
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