Agritech platform DeHaat has raised about $46 million in a Series E funding round led by Sofina Ventures. Separately, EMotorad has secured funding from e-bikes startup Green Frontier Capital (GFC), LetsVenture, and Ivy Growth Associates.
Sofina leads $46m funding in DeHaat
Agritech platform DeHaat has raised about $46 million in a Series E funding round led by Sofina Ventures, according to media reports. Other investors in the round include RTP Global Partners, Prosus, and Lightrock India.
According to a report in Entrackr, Sofina Ventures will own an 11.73% stake in the startup post the transaction, while Naspers, RTP Global, and Lightrock India will hold 11.04%, 5.22%, and 6.43%, respectively, of the share capital.
Founded in 2012, DeHaat offers end-to-end agriculture services, including crop advisory, market linkage platform, financial services and products for farming such as feedstuff and fertilizers, to farmers.
DeHaat had raised $115 million as a part of its Series D round led by Belgium-based Sofina and Lightrock India, besides Temasek, in October last year.
Green Frontier backs EMotorad
Inkodop Technologies Pvt Ltd, which operates electric vehicle startup EMotorad, has raised about $2.9 million in a pre-Series A funding round from Green Frontier Capital (GFC), LetsVenture and Ivy Growth Associates.
The startup plans to use the funds to scale its business, boost its business growth, and hire talent.
Founded in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza and Sumedh Battewar, EMotorad offers e-bikes at an affordable price for adventure seekers, daily commuters, or casual riders.