logo
logo

Indonesian Agritech Startup Efishery Raises $90M In Series C Round

Jan 11, 2022over 3 years ago

Amount Raised

$90 Million

Round Type

series c

Description

Indonesian agritech startup eFishery announced that it has raised $90 million in its Series C round co-led by Singapore state investor Temasek, SoftBank Vision Fund 2, and Sequoia Capital India.

Company Information

Company

E Fishery

About

The company then diversified into eFishery Fresh (fishery grocery), eFisheryFeed (fish and shrimp feed), and eFishery Fund (providing loans to aquaculture farmers).The company claims that to have deployed thousands of smart feeders, serving over 30,000 farmers across 24 provinces in Indonesia to date. However, according to DealStreetAsia – DATA VANTAGE, the company had raised $19.81 million in its Series B round. eFishery started operations in 2013 as an IoT feeder for fish and shrimp farming.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech