Patna-based DeHaat, an agritech platform that provides end-to-end agricultural services to farmers, announced the acquisition of Y-Cook India in an all cash deal.
The Bangalore-based Y-Cook was founded in 2011 by Janardhan Swahar, Vijay Reddy, and Gayathri Swahar, It is a food technology firm that distributes ready-to-use steamed products.
It processes and exports sweet corn and pulses, which exports to nine countries.
Following this acquisition, Swahar will continue to lead the business that will operate as an independent entity under the DeHaat umbrella.
Founded in 2012 by Adarsh Srivastava, Amrendra Singh, Shashank Kumar and Shyam Sundar Singh, It is a full-stack agritech startup that uses AI-enabled technology to revolutionize supply chain and production efficiencies in the agriculture sector.
Since it’s inception, it had raised $161 million from marquee investors like Sofina, Lightrock, Prosus Ventures, Sequoia Capital India among others.
“This acquisition provides DeHaat the opportunity to offer to our farmers’ access to the niche market and customer base that Y-Cook has created both within India and abroad,” said, Adarsh Srivastav, cofounder and director, DeHaat.
He said that the Indian export market has grown to $50 billion and it is expected to grow further.
The company said that over the next 12 months, DeHaat aims to expand its customer footprint to more than 15 countries with a wide range of fresh and processed products sourced directly from farms with a 100% traceability system. In January 2022, DeHaatacquired Maharashtrabased business-to-business (B2B) agriinput marketplace Helicrofter for an undisclosed amount.
DeHaat is one of the fastest growing start-ups in Agritech sector and one of the very few companies providing end-to-end solutions and services to the farming community in India. They are building AI-enabled technologies to revolutionise supply chain and production efficiency in farm sector
Currently they are operating in eastern India – Bihar, UP and Odisha – with 2,65,000+ farmers in their service network and our goal is to bring their services to 5 million farmers by 2024. Founded by the alumni from IIT Delhi, IIT Kharagpur, IIM Ahmedabad and other top institutes – DeHaat is now a fully funded start-up with growth rate of 3-4x annually.
The impact they have created at grass root level over last 8 years of their operations has been phenomenal, as recognized and felicitated by NASSCOM, Forbes, ET, NitiAayog and Bill Gates Foundation.
About Y-Cook India
YCook is an innovative food technology company based out of Hoskote, Bengaluru, India. They are the experts of sous vide cooking and have mastered the art of preserving fresh produce without any preservatives, additives OR refrigeration.
They offer a range of “Steamed Snacks & Ingredients” for customer to nourish from within. Their products have a shelf life of one year at normal room temperature when not opened. Tadaa! That’s the magic of good food.