DeHaat acquired a majority stake in ready-to-cook processed food startup YCook

DeHaat, an agritech startup, acquired a majority stake in YCook, a ready-to-cook processed food startup. DeHaat, which had one of the largest fundraisers among agritech startups in India, will hold close to 75.5 percent of the company on a fully diluted basis, including secondary purchases and an ESOP pool.

YCook passed a resolution to allot 48,652 Series C CCPS to Green Agrevolution Private Limited at an extraordinary general meeting on March 31, 2022. (DeHaat). DeHaat will invest $3.1 million in YCook as part of the allocation. YCook will become a subsidiary of DeHaat as a result of this transaction.

35 views0 comments