Agri-tech startup DeHaat acqui-hires Vezamart after securing equity and debt funding

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DeHaat has acqui-hired VezaMart, bringing the VezaMart team into DeHaat to continue developing farm management solutions; the deal value was not disclosed. The move gives DeHaat access to new regions and farmer networks in western Uttar Pradesh as it pursues a target of reaching one million farmers by 2021. DeHaat recently secured Rs 20 crore in venture debt from Trifecta Capital and earlier raised $4 million in a pre-Series A round from Omnivore and AgFunder. VezaMart had listed over 700 input SKUs, worked with more than 10,000 farmers and served 120 institutional buyers, while DeHaat currently supports over 55,000 farmers and plans regional warehouses to expand service coverage.

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