DeHaat acquires B2B SaaS platform FarmGuide
Agritech startup DeHaat has recently announced that it's acquiring B2B SaaS platform FarmGuide. The move comes after a month after DeHaat raised Series C funding of $30 mn. As part of the acquisition, FarmGuide's spatial technology and data science will be integrated with DeHaat's existing platform to build a full-stack platform for agribusiness.
FarmGuide is a SaaS-based platform that uses satellite-based data for detecting farm boundaries and data-driven customised crop advisory services. The founding team of FarmGuide will also now be a part of DeHaat, and the core database and tech platform will be integrated with DeHaat's full-stack technology, the company said.
The company said, "Post this acquisition, DeHaat will provide more customised crop advisory services to farmers based on the tagged land parcels. Based on the advisory, farmers will receive other and existing bundle of agri value chain services like agri input, financial services and market linkage of farm produce in a sustainable way. This is aligned with the larger goal of DeHaat to maximise the profit of Indian farmers through technology and end-to-end agri services."