Jakarta-based Eratani acts as a tech-enabled marketplace for small rice farmers, offering the farmers credit, insurance, agronomic support and connections to farm input providers. It also helps them sell their harvests to rice millers.
Eratani says it works with about 34,000 farmers and has helped them boost their yields by up to 30% and incomes by 25%.
It raised $6.2 million in a Series A round led by Clay Capital, a Singapore-based venture capital firm for food and agriculture tech. SBI Ven Capital, Genting Ventures, IIX joined the round, alongside existing investors TNB Aura and AgFunder.
Investors are embracing marketplace startups like Eratani that are helping boost efficiency, unlock value and reduce waste in emerging market food supply chains. With the new round, Eratani is looking to help farmers adopt sustainable growing practices and precision farming tools and equipment.
