Indian agritech DeHaat tops $700 million valuation in $60 million funding

DeHaat, a startup that offers a wide range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. Sofina Ventures and Temasek co-led the Patna and Gurgaon-headquartered startup’s Series E funding, it said, at a valuation between $700 million and $800 million, according to a person familiar with the matter. Existing backers RTP Global Partners, Prosus Ventures and Lightrock India also participated in the new round.