Agritech

$14M for Indonesia's chicken farmers

May 20, 2022
Pitik

No chickening out. Here's Pitik! This Indonesian startup just raised a $14M Series A led by Alpha JWC! And they're all about 🐓🍗

  • MDI Ventures and Wavemaker Partners also joined the round.

🐔  Look at all those chickens

They build end-to-end solutions to help chicken farmers optimize their farms and earn more.

  • Launched just last year, they already sell over 16M chickens annually from their farmer network.
  • In the last six months, they've increased their farmer network over 10x to hundreds of farmers in 53 districts.

🤓  What's the biz?

Use now, pay later. Access high-quality farm inputs like feed, medicine and more. Don't stress the finances —they'll just deduct the expenses after the harvest!

  • No logistics hassle. Everything's delivered to your farm when you need them.

Techy farmers. With Pitik's tech and app, farmers can easily monitor and manage their farms in real-time to make them more efficient.

  • Get summarized insights on farm performance.
  • Receive personalized and targeted recommendations to optimize chicken growth.
  • Instantly detect potential issues and get specialized solutions to combat them through their algorithm.

Buk buk bucks. Pitik will buy all your chicken harvest, so you can cash out fast. The best part? The prices are great, and you'll get the full payment within seven days.

💥  Expansion plans

With the $$$, Pitik's looking to expand to downstream services like processing and distribution to end customers. Plus, they'll be expanding within Indonesia.

  • They're also doubling down on building more advanced tech and farm automation products.

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