Agritech

$26M for Indonesia's farmers and agricultural businesses

September 7, 2022
Gokomodo

Let's go, Gokomodo! This Indonesian agritech just raised a $26M Series A (yup, you read that right) led by East Ventures! They're making sourcing agricultural inputs and leveling up efficiency easier than ever.

  • They have over 3,000 companies in their ecosystem, including both smallholder farmers and large enterprises.

Investor check. SMDV, Eight Capital, K3 Ventures, Indogen Capital, Waresix, Triputra, Sahabat Group and Sampoerna Financial also joined in.

🤔 Why it matters

While agribusiness is the second-largest contributor to Indonesia's GDP, the agricultural supply chain still sucks.

  • Procurement inputs is around a $30B market.

It's fragmented, inefficient and unreliable, so large corporations and smallholder farmers struggle to access high-quality farming inputs. But Gokomodo's changing that!

  • The goal? Boost the productivity and output of the entire agribusiness sector.

🚜 Farming's tough, man!

Whether you're a large company or a smallholder farmer, they're here to level up your supply chain in every way — procurement, e-commerce and distribution.

Everything you need! Easily source the inputs (products) you need transparently, efficiently and at low prices. And yes, product availability is finally reliable here!

  • Their SaaS product helps you make smarter procurement decisions.
  • They also have an e-commerce storefront to access products sourced from their partners.

Quick and reliable! They work with Waresix, so you'll always get the products you need fast.

  • They also have distribution hubs, allowing them to serve areas where digital infrastructure is still lacking.

💰 What's with the $$$?

They'll be growing their product selection, developing their digital platform, building distribution points in far-flung areas and increasing their customer base.

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