Bok bok! Here comes Chickin. This Indonesian startup is all about the small-scale poultry industry. It’s reported that they raised a $20M Series A+ round.

The details. Investors include Granite Asia, Integra Partners, Asian Development Bank, 500 SEA, East Ventures, Aksara Ventures, and several others.

• It was reportedly $15M in equity and $5M in debt.
• They last raised a seed in 2022.

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🐓 How it works

They have a variety of solutions across the poultry value chain!

Contract farming and Offtaking. They offer financing for farm inputs like feed, chicks, and vet supplies and offtake (aka, an arrangement to buy or sell portions of the farmer’s future produce) it as repayment.

• Chikin also sells fresh and frozen chicken to 200+ companies.

IoT farming solutions. They offer an integrated suite of cameras powered by computer vision and sensors that monitor and optimize farm operations remotely.

• Temperature, humidity, feed consumption, and even monitoring the physical condition of each chicken are covered!
• No more manual records. Get accurate, automatic data collection.

Farm management solutions. They have an app that lets farmers share best practices, discuss issues, get tools to manage their farms, and more.

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🐔 Zooming out

Other players include BrolierX and Pitik.

• Pitik may have already ceased operations.