“This strategy aligns with our commitment to scaling up responsibly,” says CEO Didier Toubia.
Farmtech funding for Southeast Asia startups has steadily grown since 2018 despite the overall drop in VC dollars to the region.
The two will develop microbiome-based solutions that reduce methane emissions for beef and dairy cattle and enhance feed efficiency.
Asia-Pacific has long been a hotbed for agrifoodtech innovation; the recent decline in VC funding isn’t likely to change that.
As smartphones have proliferated and technological advancements have enabled more transparency around agricultural products and pricing, farmers are gaining more trust in online tools as a means to do business and improve their finances.
eFishery aims to increase aquaculture productivity while also creating more sustainable practices for both the environment and farmers.
Singrow will expand availability of its genomics-based indoor farming system that produces climate-resilient produce to bolster food security.
Researchers recently demonstrated that epigenome editing can reduce blight symptoms in cassava plants without impacting plant growth or yield.
Other recent distress signals suggest the big priority for vertical farming company Kalera in 2023 is about surviving rather than scaling.
From old timers with mega deals to up-and-comers just entering the space, here are the ghost kitchen startups leading the pack of a growing if somewhat controversial segment of the food industry.
A couple mega-deals of $100 million and over are responsible for the bulk of ghost kitchen investment from the last 12 months.
The startup provides automation software, connected hardware devices, and an e-commerce platform to create efficiencies for the local industry.
“Countries are betting heavily on emerging solutions – which is another way of saying silver bullets.”
Bjorn Shen has crafted a mezze platter that’s being served in school and workplace canteens across Singapore.
The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
Cannabis has been removed from the country’s narcotics list, potentially paving the way for a new industry around hemp-based products and services.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Ho Ren Hua also announced the launch of Thai Wah Ventures, which will invest in startups working across agritech, supply chain, bioplastics, and novel ingredients.
“Given we are operating in crops like palm, coffee, [and] pepper, we see the Southeast Asia region as a massive opportunity,” says co-founder Shailendra Tiwari.
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