Agritech

$1.6M for Indonesia's farmers to harvest more and make more $$$

February 28, 2023
Semaai

Say hi to Semaai! This Indonesian agritech startup just raised $1.65M in bridge funding. They're an end-to-end platform with products and services to help their farmers with everything they need!

  • They're in almost 3,000 villages in Central Java, Indonesia.

Investor check. Accion Venture Lab and XA Network co-led the round. Existing investors like Beenext and Sequoia Capital India's Surge also joined in!

  • This takes their total funding raised to $2.9M!
  • They've seen 37x growth in monthly transactions and revenue bumped up 20x in 2022.

🌱 Planting the seeds

Founded in April 2021, Semaai started with agricultural inputs and grew (yes, pun intended) to on-farm activities like agri-advisory and agritech, as well as services and agriculture outputs like buying and selling crops.

🧑🏻‍🌾 What they've got now

Marketplace app. Here, they sell agriculture products like seeds, fertilizers, pesticides, equipment, and even services like harvesting and drone sprayers.

Supply, supply, supply. They supply crops to B2C startups and supermarket chains.

  • Semaai gets products and crops through their partnerships with MSMEs and agriretailers.

🚜 Staying put

Instead of using the funding to expand to new areas quickly, they'd rather grow their current and services-focused products first. Like what?

  • Their direct-to-farmer business where they buy produce from farmers and connect them to better urban markets in Indonesia, so farmers can sell more and make more $$$.
  • Their digital advisory services for agriMSMEs.

On top of new services that allow farmers access to affordable agriculture production equipment nearby, they'll also be launching digital tools and agronomy products.

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