Kul Bhushan · · 1 min readGojek’s VC arm leads $6m round of Indonesian agritech startup
Indonesia-based Agriaku, an agritech startup, has raised US$6 million in a pre-series A round led by Go-Ventures, the VC arm of Gojek.
Arise and Centauri Fund (both funds backed by MDI Ventures), as well as Mercy Corps Social Venture Fund and a few angel investors also participated in the round.
Photo credit: Agriaku
In December last year, Agriaku raised an undisclosed sum in seed funding led by Arise.
The agritech startup aims to democratize the agricultural industry, which is estimated to contribute nearly 13.5% to Indonesia’s gross domestic product. Its B2B marketplace aims to make it easier for suppliers, retailers, and farmers to connect. It also provides useful tools such as bookkeeping and inventory management.
The company said it recorded an average month-on-month growth of 200% in terms of gross merchandise value over the past four months.
Agriaku was launched in May 2021 by Irvan Kolonas and Danny Handoko.
The startup plans to use the fresh capital for hiring new talent in areas such as operations, supply chain, product, and technology. It also aims to strengthen the market presence of its B2B marketplace in the country.
See also: The key players in Indonesia’s promising agritech space
Editing by Collin Furtado and Jaclyn Tiu
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