Indian agritech platform DeHaat buys food processing firm

DeHaat, an India-based agritech platform, has acquired foodtech firm Y-Cook India in an all-cash deal, The Economic Times reported.

Y-Cook India, a steamed produce processing and exporting company, will continue to operate independently under the leadership of its co-founder and CEO Janardhan Swahar.

While the size of the deal remains undisclosed, DeHaat plans to use the acquisition to link its farmers to Y-Cook’s market and customers.

Two of Y-Cook India’s investors, OikoCredit and 021 Capital, will exit through this transaction, while DeHaat investor Omnivore will swap its equity.

DeHaat offers technology-backed agriculture services to farmers, connecting them to sources of inputs like seeds and equipment as well as to potential buyers.

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The buy follows DeHaat’s acquisition of farming marketplace Helicrofter earlier this year. The agritech platform raised US$115 million in a series D round led by Sofina and Lightrock in October 2021.