Aditya Hadi Pratama · · 1 min readIndonesia-based 🌾 startup reaps $1.3m from Beenext, Sequoia’s Surge
Semaai, an Indonesia-based agritech startup, has raised US$1.3 million in a pre-seed funding round led by Beenext and Sequoia Capital India’s Surge. The round also saw participation from Ula co-founder Nipun Mehra, Qoala founder Harshet Lunani, and Houlihan Lokey director Prashant Pawar.
Semaai founders (from left) Gaurav Batra, Abhishek Gupta, and Muhammad Yoga Anindito / Photo credit: Semaai
Founded in April 2021, Semaai provides farmers with access to tools such as soil testing technology, as well as farming inputs such as seeds and fertilizers. It also helps farmers and agriculture-related small and medium-sized enterprises (toko tani) to maximize their earnings and get financing.
Five months after its establishment, the firm’s gross merchandise value increased by 10x.
Semaai was founded by Muhammad Yoga Anindito, who was the former CEO of agriculture input distributor firm Hasana; Abhishek Gupta, who previously worked on the agriculture team at the World Bank; and Gaurav Batra, who also serves as a technical advisor of edtech firm GrowthSchool.
After the investment, Semaai plans to expand its network of delivery centers and aims to reach 100,000 smallholders and toko tani by next year.
See also: The key players in Indonesia’s promising agritech space
Editing by Collin Furtado and Lorenzo Kyle Subido
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