Agritech Startup DeHaat Acquires Food Startup Y-cook

A full-stack agritech startup DeHaat which offers farmers end-to-end agricultural services announced the all-cash acquisition of Y-Cook India.

Y-Cook India is a food technology company that provides steamed vegetables that is ready to eat. Janardhan Swahar, Vijay Reddy, and Gayathri Swahar started it in 2011. The Bengaluru-based firm processes and sells sweet corn and lentils to nine different nations. Omnivore Partners, Oikocredit, and 021 Capital are among the investors. While OikCredit and 021 Capital will profit from this deal, Omnivore, which is also a DeHaat investor, will have its shares swapped.

Shashank Kumar, Amrendra Singh, Adarsh Srivastav, Shyam Sundar Singh, and Abhishek Dokania established DeHaat, a full-stack agritech firm that leverages AI-enabled technologies to transform supply-chain and production efficiency in the farming industry. Sofina, Lightrock, Prosus Ventures, and Sequoia Capital India are among the notable investors who have contributed $161 million thus far.

“With this acquisition, DeHaat will be able to give our farmers access to the niche market and client base that Y-Cook has built both in India and internationally,” said Adarsh Srivastav, DeHaat’s co-founder, and director. According to him, India’s export market has reached $50 billion and is likely to continue to rise.

Helicrofter, a Maharashtra-based B2B Agri input marketplace, was bought by DeHaat earlier this year. “DeHaat aspires to extend its customer footprints across 15+ countries over the next 12 months with a wide choice of fresh as well as processed products obtained directly from farmers with a 100 percent traceability system,” according to the press announcement.