Kul Bhushan · · 1 min readIndonesian 🐔 tech startup gets seed money from Arise, Wavemaker
Pitik, an Indonesia-based poultry tech startup, has secured an undisclosed amount in a seed round co-led by Arise and Wavemaker Partners. MDI Ventures also joined the fundraise.
Team Pitik/Photo credit: Pitik
Indonesia’s poultry industry is worth US$7.4 billion, according to Pitik’s estimates. The startup noted that the market has a huge potential, considering the consumption of chicken per capita in Indonesia is 5.9x lower than other countries in Southeast Asia.
Pitik provides a farm management platform that aims to deliver better operational efficiency for poultry farmers. It also assists farmers in procuring high-quality farm inputs and selling chicken at competitive prices.
See also: These are the most active investors in Indonesia’s startups
The startup was founded by Arief Witjaksono and Rymax Joehana earlier this year. Pitik plans to use the fresh capital to accelerate product development and expand its operations in more areas.
Editing by Collin Furtado
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