Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India

eFishery, an Indonesia-based startup, said today that it has raised the largest round of funding in the world. The company, which provides feeding devices, software and financing for fish and shrimp farmers, got a $90 million Series C co-led by Temasek, SoftBank Vision Fund 2 and Sequoia Capital India.

The funds will be used to scale up eFishery's platform and expand into the top 10 countries for aquaculture, including China and India.

The platform is led by Prosus and East Venture Growth Fund.

Shrimp farmers can use eFarm, which lets them monitor their operations, and fish farmers can use eFisheryKu, which lets them see their harvests. eFund is a financing product that connects fish farmers to financial institutions for products like pay later services. More than 7,000 farmers have used eFund so far, with total loans approved more than $28 million.

More than 30,000 farmers in Indonesia use smart feeders.

Anna Lo, Investment Director at SoftBank Investment Advisers, said in a statement that Indonesia is one of the world's largest producers of fish and that it can play a role in feeding the world's growing population.

Other Indonesian agtech startups that have recently raised significant rounds of funding include marketplaces TaniHub and Eden Farm.

TaniHub Group harvests a Series B round.