Eratani nets $2m to boost Indonesia’s agri supply chain

Eratani CEO Andrew Soeherman / Photo credit: Eratani

A lack of streamlined logistics and supply chain issues have been said to result in exorbitant costs and diminished profit margins for farmers.

In a bid to address these challenges, Indonesia-based agritech startup Eratani provides services such as farmer funding, supply chain management, crop distribution, and agricultural assistance.

It has raised an additional US$2 million in seed funding in a round led by SBI Ven Capital and joined by Genting Ventures, Orvel Ventures, and Ascend Angels.

This adds to the US$3.8 million it raised in December 2022 from TNB Aura, AgFunder, B.I.G. Ventures, and Trihill Capital.

Funding details

• Funding amount: $2,000,000
• Lead investor: SBI Ven Capital
• Stage: Seed
• Source

Founded in 2021, Eratani provides its services to 20,000 rice farmers across five Indonesian provinces. The company said it aims to streamline the country’s agricultural sector and to make it fairer for farmers.

See also: Mapping Indonesia’s key agritech players (update)

In February, another local agritech player, Semaai, raised US$1.7 million in a bridge funding round led by Accion Venture Lab and XA Network. Fellow agritech startup PasarMikro also secured US$2.5 million in December 2022 in a seed round joined by Trihill Capital, Resolution Ventures, and Genting Ventures, among other investors.

More details