New Delhi, Apr 26 (PTI) Agritech firm DeHaat on Tuesday said it has acquired significant majority stake in Bengaluru-based food technology company Y-Cook India as part of its plan to expand business.
The company said in a statement that the investment is in tune with its expansion plans to yield significant price benefits to farmers and help them provide a better value proposition.
Y-Cook India Pvt Ltd is a food technology company that has pioneered the art of ready-to-use steamed produce. The company is a leading processor & exporter of sweet corn & lentils. It has presence in 9 countries, offering a wide range of steamed snacks and ingredients.
DeHaat offers services ranging from distribution of high-quality agricultural inputs, customized farm advisory, access to financial services, and market linkages to sell their produce.
It serves over 1 million farmers across Bihar, Uttar Pradesh, Jharkhand, West Bengal, Odisha, Madhya Pradesh, Rajasthan, and Maharashtra.
DeHaat has so far raised USD 161 million from marquee investors Like Sofina, Lightrock, Prosus Ventures, Sequoia Capital India, Omnivore partners, and FMO. PTI MJH MJH ANU ANU
