Invest in B2C AgriTech models engaged in offering logistics support for agriculture inputs (seeds, nutrition and pest control) to ensure timely supply and enable quality produce and mechanization or productivity increasing tools (both, on sale or on lease) in line with modern technology.
Other services may include advisory on specialized value chains (high value produce like Exotic Fruits and Vegetables, Tea and Coffee), financial assistance (in the form of working capital loans and insurance) to eliminate losses due to delays in production. Examples of some companies active in this space are:
Tunas Farm, founded in 2020, operates as an indoor vertical farming facility to produce veggies in Tangerang and sells its products online. It raised USD 1 mn from Gayo Capital in a seed funding round.
PT East West Seed Indonesia, founded in 1990, (joint venture between East West Seed and Enza Zaden) produces and markets vegetable seeds (under the brand CAP PANAH MERAH) for smallholder farmers and offers extension/training services to increase their yields/income. With Business Call to Action (2016), it integrates 17,775 seed growers into its value chain and impart knowledge to 125,000 farmers.
PT. Crowde Membangun Bangsa, founded in 2015, operates a peer to peer (P2P) lending platform for farmers. It educates farmers on technology and financial management, and provides equipment like tools, seeds, fertilizers, and pesticides. In 2021, it raised USD 9 mn (Series B) from Monk's Hill Ventures, Mandiri Capital and PT. Great Giant Pineapple Co, at a post-money valuation of USD 32 mn.
Habibi Garden, founded in 2018, is an AgriTech company that focuses on leveraging Internet-of-things (IoT) on farming operations. Habibi Garden creates precision agriculture devices for farmers that process environmental and local data and optimize fertilizer and water schedules to optimize crop yields. In 2018, it raised an undisclosed amount in seed funding from Brinc. (12)
Support farmers by providing farm input, information and financial services to improve productivity and induce climate resilient farming practices.
