Invest in B2B / B2B2C AgriTech models offering: - Effective post-harvest supply chain solutions to ease the process of connecting farmers to end-customers, and vice-versa, including farm-to-table fresh produce distribution - Improved market access through online and offline marketplaces for effective whole-sale and retail-sale of farm produce Examples of companies active in this space are:
TaniHub Group, founded in 2016, is a B2B platform connecting farmers with businesses that use or sell their products. It provides crowdlending support and assists farmers in selling their products to the end consumers. It has raised ~USD 94 mn, including USD 65.5 mn in Series B from MDI Ventures, Add Ventures and others investors, which brought its valuation to > USD 200 mn. (12)(13)
Vasham, founded in 2013 (wholly owned subsidiary of PT Japfa Comfeed Tbk), aims to optimize the value chain of agriculture by connecting and creating synergies and efficiencies that in return empower producers and customers alike, enabling farmers in Indonesia with the tools and finance to start with agriculture. In 2016, it raised an undisclosed amount from Patamar Capita. (14)
PT. Eden Pangan Indonesia (Eden Farm), founded in 2017, is an AgriTech company engaged in supplying food ingredients to culinary businesses in major cities and working with local producers across the country to stabilize food prices in Indonesia. Till 2021, it has raised USD 20.9 mn, including USD 19 mn in Series A round from appWorks Ventures Co., Ltd. and AC Ventures.
Kedai Sayur, founded in 2018, operates an online platform that builds networks of daily produce distribution and open the access for local vegetable hawkers. Till 2019, it raised USD 5.3 mn, including USD 4 mn in a Venture round from East Ventures Pte. Ltd.; PT Triputra Investindo Arya; PT. Prerkasa Multi Persada; SMD Ventures.
SayurBox PT, founded in 2016, sells organic, hydroponic, pesticide-free, and chemical-free produce in various categories, such as vegetables, fruits, grains, herbs and seasonings, protein food, and ready to consume, through farm-to-table concept. Till 2021, it raised USD 5.35 mn, including an undisclosed amount in Series B funding from Syngenta Ventures and PT Astra Digital International.
Output side AgriTech based e-commerce platforms to improve farm to consumer market access, reduce losses incurred due to waste of resources and farm produce, and uplift smallholder farmers in Indonesia.
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