{"id":3633,"date":"2022-10-12T08:37:45","date_gmt":"2022-10-12T00:37:45","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3633"},"modified":"2022-10-12T08:37:47","modified_gmt":"2022-10-12T00:37:47","slug":"daily-markup-608-efishery-reels-in-us32m-loan-from-bank-dbs-indonesia-aims-for-300-increase-in-production-expansion-to-10-countries","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3633","title":{"rendered":"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/0lDLZ68T4PLB2RV6XgQmNf39jL7EcSSBx-HqrYLycH6Ncsh5DYWeXuTDTgszlbvTMr81u5F8QxHWcOXTUuw5cVFbQZPqaCJFhSA-3g1aSC_stoThWY8q846dGvZq96Yf-7N8H8Y41zc5qO_Jfm13xtE8uttBCMyjOojLae8mgHKPVt6PNz2Zu4FevA\" alt=\"\" \/><figcaption>Credit: eFishery<\/figcaption><\/figure>\n\n\n\n<p><strong>In for the long haul<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Remember back in January when 500-backed <a href=\"https:\/\/www.efishery.com\/\">eFishery<\/a> bagged US$90M in a funding round that was the <a href=\"https:\/\/techcrunch.com\/2022\/01\/10\/indonesias-efishery-raises-90m-from-temasek-softbank-vision-fund-2-and-sequoia-capital-india\/\">world\u2019s largest ever VC financing for an aquaculture startup<\/a>? Well, the year isn\u2019t up yet, and the team just marked another major milestone!<\/li><li>eFishery<a href=\"https:\/\/bit.ly\/3CkEYV7\"> secured a US$32M loan from DBS Bank Indonesia<\/a>. It\u2019s a big reel, I mean deal, as it is the bank\u2019s first funding for the aquatech sector and eFishery\u2019s first loan deal.<\/li><li>The fresh capital will support the expansion of eFishery\u2019s business, improve its quality and productivity. Both companies are also partnering to better connect farmers to international markets.<\/li><li>Co-founder &amp; CEO Gibran Huzaifah shared that eFishery aims to increase production and scope by 300%. The team also plans to bringtheir products and services to international markets.<\/li><li>Gibran is eyeing expansion to 10 countries within five years \u2014 India will be its first expansion target, with China and Vietnam next.<\/li><li>Congratulations to the eFishery team!<\/li><li>Read the full story on <a href=\"https:\/\/bit.ly\/3CkEYV7\">Tech in Asia<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In for the long haul Remember back in January when 500-backed eFishery bagged US$90M in a funding round that was the world\u2019s largest ever VC financing for an aquaculture startup? Well, the year isn\u2019t up yet, and the team just marked another major milestone! eFishery secured a US$32M loan from DBS Bank Indonesia. It\u2019s a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3634,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[],"class_list":["post-3633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3633\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries - Markup\" \/>\n<meta property=\"og:description\" content=\"In for the long haul Remember back in January when 500-backed eFishery bagged US$90M in a funding round that was the world\u2019s largest ever VC financing for an aquaculture startup? 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It\u2019s a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=3633\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-12T00:37:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-12T00:37:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/10\/1641817039_Gibran-Huzaifah-CEO-and-Co-founder-eFishery-2-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3633#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/10\/1641817039_Gibran-Huzaifah-CEO-and-Co-founder-eFishery-2-scaled-1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/10\/1641817039_Gibran-Huzaifah-CEO-and-Co-founder-eFishery-2-scaled-1.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3633#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=3633\",\"name\":\"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3633#primaryimage\"},\"datePublished\":\"2022-10-12T00:37:45+00:00\",\"dateModified\":\"2022-10-12T00:37:47+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3633#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=3633\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3633#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=3633","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #608: eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production &amp; expansion to 10 countries - Markup","og_description":"In for the long haul Remember back in January when 500-backed eFishery bagged US$90M in a funding round that was the world\u2019s largest ever VC financing for an aquaculture startup? 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