NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Manish Singh

DeHaat, an online platform that offers full-stack agricultural services to farmers in India, has raised $115 million in what is the largest funding round for an agritech startup in India, where farm produce yields two-thirds of the country’s $1 trillion in annual retail spending.

Sofina and Lightrock co-led the 10-year-old startup’s Series D financing round. Temasek and existing investors Prosus Ventures, RTP Global, Sequoia Capital India, and FMO also participated in the new round, which brings its to-date raise to $161 million ($157 million of that has arrived in the last 30 months).