Based in Indonesia eFishery Today, it announced that it has raised what it claims to be the world’s largest funding round by aquaculture technology start-ups. Providing feeding equipment, software and funding to fish and shrimp farmers, the company has won $ 90 million in Series C, co-led by Temasek, SoftBank Vision Fund 2, and Sequoia Capital India. , Aqua-Spark and Wavemaker Partners
The funds will be used to expand the eFishery platform to the top 10 countries in the aquaculture industry, including China and India.
eFishery’s products include software such as eFarm, which allows shrimp farmers to monitor their operations, and eFishery Ku, which does the same for farmers. The loan product includes the eFund. It connects the farmer to a financial institution and offers merchandise such as post-pay services for purchasing suppliers. To date, more than 7,000 farmers have used the eFund and the total loan amount has been approved to be over $ 28 million.
Other products include smart feeders currently used by more than 30,000 farmers in Indonesia.
“Indonesia is one of the world’s largest producers of fish, and its aquaculture industry can play a significant role in feeding the world’s growing population,” Anna Lo, investment director of SoftBank Investment Advisers, said in a statement. I believe. “
Other Indonesian agtech startups that have recently raised significant funding include the marketplace TaniHub When Eden Farm, Fishing company “from the sea to the table” Arna And social commerce startups Chiriberi..
Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India – TechCrunch Source link Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India – TechCrunch
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