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!
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!
🌱 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.
🚜 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?
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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