Startups in agriculture and fish farming need to expand their services to more commodities. The move is believed by investors to spur their growth to be faster. Treasurer of the Indonesian Venture Capital and Startup Association (Amvesindo) Edward Ismawan Wihardja said the prospect of start-ups in the aquaculture and agriculture sectors will continue to grow. They can enter various commodities by bringing their technology solutions. "It is necessary to attract agriculture and aquaculture startups so that they are directed to more commodities and supply chains," said Edward, Friday (9/24/2021).
Just like start-ups in the e-commerce and transportation sectors, Edward estimates that in the next 3-5 years it will be consolidated into just a few winners for the aquaculture and agriculture sectors. Edward said that the reason for funding in the agriculture and aquaculture sectors was not in line with funding in the financial sector, because the education process and conversion of business to business (B2B) customers, which on average, took time for farmers/farmers. In contrast to financial services that do not require a long time. "Even after using the service, they will become customers for a long time so that the source of income is more promising," said Edward.
Edward assessed that the agriculture and aquaculture sectors still have bright prospects in the future. Big market share according to Indonesian population. There are also many sectors that can be disrupted by technology while helping the productivity of the players who are on average MSME scale. For your information, currently the number of players in the agriculture and aquaculture sector is still quite large. Some players who focus on these two sectors include Tanihub, Limakilo, Sikumis, iGrow, Agromaret, eFishery, Aruna and so on. In general, these startups cut the supply chain so that farmers/farmers can be directly connected to the market. Not only that, some also help farmers dala. obtain funding.
