February 15

Indonesia-Based Agritech Startup Semaai Raises $1.25 Million in Pre-Seed Round Led by Sequoia Surge, Beenext

Semaai, an agritech startup based in Indonesia, has announced $1.25 million in pre-Seed funding led by Surge, Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia, and Beenext. Angel investors Nipun Mehra, Founder and CEO of e-commerce startup Ula; Harshet Lunani, founder and CEO of Qoala; and Prashant Pawar, Technology investment banker at Houlihan Lokey also participated in the round.

While Semaai primarily operates in Central Java, Indonesia, a large part of the funding will be channelled into expanding the startup’s engineering and product teams in India. Semaai has plans to grow its tech talent in India by at least three times by the end of 2022, it said in a press statement.

Photo courtesy of CDG.

Source: The Free Press Journal (link opens in a new window)

Agriculture, Technology
business development, e-commerce, startups