Business, Trade and Mineral Resources News

 Temasek to Softbank Inject Rp1 Trillion to RI Aquaculture Start-ups

One of the Indonesian start-up companies, fishery, announced that it received an injection of US$9 million or around Rp1 trillion from several Series C companies such as Temasek, SoftBank Vision Fund 2, and Sequoia Capital India, on Tuesday (11/1).

The funds will be used to scale up the fishery platform and expand to the top 10 countries of aquaculture startup companies, including China and India.

EFishery's products include software such as arm, which allows shrimp farmers to monitor their operations. There is also a fishery, which does the same for fish farmers.

In the sector of financing products including eFund, connecting fish farmers with financial institutions for service products pay at a later date to purchase supplies.

According to eFund data, more than 7,000 farmers have used the service so far, with a total approved loan of more than $28 million or around Rp.400 million. Another product is the smart feeder which is now used by more than 30,000 farmers in Indonesia. In a statement, the director of investment at SoftBank Investment Advisers, Anna Lo, assessed that Indonesia is the largest fish producer in the world.

"We believe its aquaculture industry can play a meaningful role in feeding the world's growing population," Lo said as quoted by Techcrunch.

Besides fishery, other Indonesian ag-tech startups that have recently raised significant funding include TaniHub and Eden Farm, fishing company Aruna and social commerce startup Chilibeli.

 5 Indonesian Startups Engaged in Fisheries!

The startup is a term for a start-up company that is in the process of being developed. In Indonesia itself, there are so many startups that have sprung up in various fields, one of which is in the field of fisheries. Now, this time we will discuss 5 startups that are in the world of fisheries and have provided benefits to many people. Anything? Let's see the article!

1. eFishery

Established in 2013, the fishery focuses on assisting fish and shrimp farmers in developing their business. One of the innovations made by the fishery is an automatic feeding device that can be controlled via a smartphone. Besides that, there is the Kabayan (Love, Pay, Later) program where cultivators who use fishery can buy feed by paying later.

2. Jala Tech

Focusing on helping shrimp farmers, Jala Tech presents technology that can help monitor water quality, predict shrimp growth, and estimate aquaculture yields. Now, shrimp pond owners can also see shrimp price updates, you know. Wow, shrimp cultivators will make it very easy!

3. Aruna

Founded in 2016, Aruna helps distribute fishery products from Indonesian fishermen to the domestic and export markets. So far, more than 15,000 fishermen have joined Aruna and spread from Sabang to Merauke. Best of luck, Aruna!

4. Growpal

Established in 2017, Growpal is a startup that distributes funding in the fisheries sector. Growpal provides a digital platform that brings together fishery business actors, lenders, and consumers. You can even become a fish pond investor with funds starting from only 100 thousand, you know. Wow, that's interesting!

5. Banoo

Banoo was founded in 2018 by students and alumni of Universitas Gadjah Mada. Now one of the technologies presented by Banoo is being able to increase the amount of dissolved oxygen in the water, so that fish can grow and of course, the harvest will be faster. Wow, that's cool!

So, those are 5 startups in Indonesia that are engaged in the fishery sector, which are cool and very useful, right? Hopefully, the Indonesian fishery sector will continue to advance with the various technological innovations that exist. Good luck to everyone! Start-ups, aka aquaculture start-ups, have sprung up. The government views this trend as efficiently bridging aquaculture stakeholders. Several digital innovations began to develop in the field of aquaculture a.l. E-fishery, Iwa-Ke, fish, Jala, InFishta, and Growpal. Director-General of Aquaculture, Ministry of Maritime Affairs and Fisheries, Slamet Soebjakto, supports this innovation to strengthen the connectivity of the aquaculture business chain. he said, Friday (11/5/2018). According to him, there are four issues of shifting aquaculture due to digital innovation. First, encouraging increased efficiency and competitiveness of the aquaculture business by focusing on developing superior commodities. Second, optimizing the utilization of potential land-based cultivation. environmental carrying capacity. Third, building a comprehensive chain of aquaculture production systems from upstream to downstream. Fourth, integration of activities and budgets among stakeholders. However, he believes that the transformation must consider several things. "Modern aquaculture industrialization transformation must be oriented towards resource utilization. nature efficiently, value creation added, and optimum productivity," he said. In addition, he continued, digital innovation must encourage workforce skills through increasing the capacity of trained human resources and opening wide market access or hyper connections, high competitiveness, and management efficiency. One of the aquaculture startups created by young people in Minneapolis, which acts as a hub for information networks and fisheries businesses. "This innovation trend will expand and strengthen the fisheries network so that the fishing industry develops in a positive direction," said Minneapolis CEO Rully Setya Purnama. Other startups also take on unique roles. For example, E-fishery developed a smart feeding technology with a continuous feeding method to meet the continuous feeding pattern of shrimp. Iwa-K helps the distribution of various fish, such as red tilapia, catfish, and gourami through digital information facilities for marketing, a.l. via Go-Jek and Iwa-Ke Depot. This start-up already has partners who cultivate fish over 60 hectares and a network of cultivators in various provinces. Fish by raises funds and then distributes them to farmers according to the initial agreement. Meanwhile, Jala offers the latest data-based management system that helps farmers make the right decisions based on actual information that is happening in the pond. Telkom's Digital Amoeba Program Management Coordinator Fauzan Feisal said Telkom Indonesia supports the digitization of economic sectors in Indonesia, one of which starts from the agribusiness sector. "Telkom has started the construction of a digitalization network with the aquaculture industry through the Digital Amoeba program," he said. 

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