Aquaculture and agribusiness marketplaces dominate Indonesia agrifoodtech investment this year, but climate tech needs more attention.
The category’s strong fundraising performance underscores its potential to positively impact Asia-Pacific, especially when it comes to smallholder farmers.
India is by far the region’s most advanced farmtech ecosystem, while a Chinese agricultural drone service raised the biggest farmtech round in 2021.
Investors poured a record-breaking $15.2 billion into Asia-Pacific agrifoodtech startups in 2021; in 2022, the region continues to break records.
MYCL took tempeh as inspiration for its mycelium-based leather alternative, which uses two-thirds less water than the conventional cow-derived material.
The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
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The Jakarta-based startup links sellers of fertilizers, seeds, and other inputs with local ag stores that serve smallholder farmers across Indonesia.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
Green Rebel Cheeze is made is from “locally and sustainably sourced” cashew, potato, and rice, according to the Jakarta-based startup.
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
The Jakarta-based startup is relying on micro-fulfillment, refrigeration, and last-mile, ‘in-time’ delivery – as well as its 1,000-plus farmer partners – to do it.
Biteback is creating edible oils from mealworms, while Cellular Agriculture has designed a new type of bioreactor to bring down cultivated meat’s costs.
Japfa and GROW have unveiled the 5 winners of Japfa Feeds the Future – a startup challenge aimed at advancing protein production and food resilience in Asia.
In this roundtable article, AFN hears from team members at three GROW startups which are playing their part in the plant-based protein revolution.
The startup said the two products will be sold by restaurant partners at the same, or lower, price points as similar animal-derived menu items.
CEO Pamitra Wineka said the funding will help the startup to strengthen its regional presence and boost Indonesian ag’s global competitiveness.
Gojek edges Singapore-based rival Grab – which is in the midst of its own $40 billion SPAC merger – as Indonesia’s most popular food delivery app.
Japfa has partnered with AgFunder’s impact accelerator GROW to identify startups that can improve nutrition for billions of people – and help the industry emerge stronger from Covid-19.
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