DeHaat, an Agritech company, acquires majority stake in Y-Cook India DeHaat, a full-stack agritech company that offers end-to-end services to farmers, announced on Tuesday that it had purchased a majority stake at Y-Cook India via an all-cash transaction.
Y-Cook India, a food technology company that supplies ready-to-use steamed produce, is . It was established in 2011 by Janardhan Swahar and Vijay Reddy. The Bengaluru-based company exports sweet corn and lentils to nine different countries. Omnivore Partners and Oikocredit are just a few of the investors. OikCredit, 021 Capital, and Omnivore will all exit this transaction. Omnivore, however, will swap its equity. Swahar will still be the leader of the business, which will operate independently under the DeHaat umbrella. DeHaat, a full-stack startup in agritech, was founded by Shashank Kumar and Amrendra Singh. It uses AI-enabled technology, to revolutionize the supply chain and improve production efficiency in the agricultural sector. It has raised $161 million so far from marquee investors like Lightrock, Prosus Ventures and Sequoia Capital India. Earlier this year, DeHaat acquired Helicrofter — a business-to-business or B2B Agri input marketplace in Maharashtra. “Over the next 12 months, DeHaat aims to expand its customer footprints across 15+ countries with a wide range of fresh as well as processed products sourced directly from farms with a 100% traceability system,” the release said.