By Bakhrom Tursunov on Unsplash
Build digital platforms focused on providing end-to-end supply-chain assistance for aquaculture, including provision of harvesting support, addressing farm and feed needs and assisting in financing for farmers (for procurement of fishing vessels and fishing gear) Examples of some companies active in this space are:
T. Multidaya Teknologi Nusantara (eFishery), founded in 2013, is an end-to-end platform, supporting fish/shrimp farmers with technology, feed, financing and markets. It has raised USD 94 mn, including USD 90 mn in Series C from Temasek Holdings (Private) Limited, SoftBank Vision Fund 2 and Sequoia Capital India Advisors Private Limited in 2022.
Aruna, founded in 2016, is the largest integrated fisheries e-commerce that provides two solutions for fishermen: a digital fish auction platform to sell their catch at a fair price and a marketplace for seafood products, that utilizes data from the auction platform to ensure fair trade practices. It raised USD 35 mn in Series A from Prosus Ventures and East Ventures (Growth Fund). (13)
End-to-end aquaculture supply-chain solutions to promote the development of the sector, ensure food security and promote sustainable development.