Inside DeHaat’s third acquisition
DeHaat acquired Helicrofter for an undisclosed amount. In a conversation with YourStory, Shashank Kumar, Co-founder and CEO, DeHaat, talks about why they chose Helicrofter and the next steps for the agritech startup.
On Monday, agritech startupacquired Maharashtra-based B2B agri-input marketplace startup, . This is the Gurugram and Patna based startup's third acquisition after B2B SaaS platform FarmGuide and Western UP-based farm management solution Vezamart.
"Acquisitions can be tricky decisions, influenced by a multitude of factors. What makes a particular company suitable for us is the complimentary proposition – either in terms of geographical presence or products and services on offer," explains Shashank Kumar, Co-founder and CEO, DeHaat in a conversation with YourStory.
With the integration of Helicrofter, DeHaat will expand its geographical footprint to Maharashtra, leveraging the former's resources of 2,000+ agri-input retailers and 30 sellers. On Helicrofter's platform, buyers directly purchase from the agri-input manufacturers of seeds, pesticides, fertilisers, equipment, machineries, and allied products used by farmers.
The acquisition is aimed at boosting DeHaat's presence across rural communities. The team has already amassed more than 700,000 farmers and 4,000+ micro-entrepreneurs.
"Even today, we are the only Indian company that can claim to be a full-stack agritech platform that caters to almost all aspects of the farming sector," Shashank adds. Read more.
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