Casting a wider net
- After closing a US$200M Series D last month, and becoming the first aquaculture startup to cross a valuation of US$1 billion, what’s next for 500-backed aquatech company eFishery?
- “We aim to expand our presence in several countries across Asia and the Middle East. We recognize the potential and value of tapping into these markets, and our expansion efforts will be geared toward capturing these opportunities,” Co-Founder and CEO Gibran Huzaifah shared with e27.
- eFishery also sees a significant market opportunity for shrimp in the United States as the country imports 71.6% of Indonesia’s total national shrimp exports.
- eFishery’s ultimate mission: To meet global food demands through aquaculture, offer affordable technological solutions to fundamental problems, and foster an inclusive digital economy that reduces inequality.
- What’s more? To upskill farmers, eFishery launched KASEF (Kampung Super Ekosistem eFishery – Village of eFishery’s Super Ecosystem) and eFishery Point to equip farmers with the knowledge and skills to become better aquaculture producers, as well as provide a collaborative space where farmers can interact with eFishery innovations and learn about the latest technologies. The team also organizes financial literacy workshops to enhance the knowledge and understanding of farmers, and provide access to financial support.
- “We consistently try to sustain a healthy business cycle in our existing super-ecosystem for fish and shrimp farming nationwide through various initiatives. Our goal is to grow together with farmers within our super-ecosystem by providing support on what they need the most, such as digital fish and shrimp farming management, access to micro-financing, and assurance in the distribution flow of their harvest.
- Read the full feature here.
