- To promote the adoption of cutting-edge technology, funds will be used.
- states to have given more than 34, 000 producers in Java and Sulawesi authority.
Eratani has successfully raised US$ 6.2 million ( RM27.3 million ) in a Series A round despite a sharp decline in startup funding across Indonesia. Clay Capital led the square, along with IIX, SBI Ven Capital, AgFunder, Genting Ventures, and TNB Aura.
The organization said in a statement that the increase supports the government’s accelerated goal of achieving national corn self-sufficiency by 2027, which is a top priority for the Prabowo management. It also highlights investor confidence in its ability to change Indonesia’s rice field. With this additional funding, Eratani may promote the adoption of advanced technologies, including precision farming equipment, on-farm mechanization, and sustainable farming practices, it added.
These innovations are intended to increase efficiency and profitability while also supporting Indonesia’s wider goals for conservation and environment.
Eratani claims that its end-to-end program for smallholder grain farmers has produced solid results since its foundation in 2021. More than 34, 000 producers in Java and Sulawesi have been given this authority, many of whom have for the first time had access to formal financing. Additionally, the business has increased farmer incomes by 25 % and yields by an average of 29 % on over 13, 000 hectares of rice farmland in 2024. Additionally, it reported that it supported farmers in promoting the production of over 112,000 kilos of rice and grain, which would improve the country’s food safety.
According to Andrew Soeherman, co-founder and CEO of Eratani,” we’re demonstrating that economic and social effects you get hand in hand with economic sustainability.” Our main objective is to support Indonesia’s food safety goals while focusing on building a strong foundation that allows us to level effectively.
Eratani’s strategy addresses the most pressing issues facing Indonesia’s grain sector by connecting recently dispersed stakeholders and offering extensive support throughout the farming cycle. Smallholder farmers can access economical financing, high-quality inputs, agricultural consulting services, and improved marketplace access thanks to the company’s digital platform.
Eratani co-founder and CFO Bambang Cahyo Susilo emphasized that digitalization is a key factor in achievement. By utilizing data-driven insights, we can manage risk more effectively and help wiser choices on the ground. As we expand into important towns across the country, this not only increases operating efficiency but also encourages the creation of a more resilient gardening habitat.
More than 70 % of the world’s population consumes corn normal, making it a staple in many developing nations. However, it is also one of the most polluting vegetables. Compared to the whole aircraft industry, floating rice fields account for roughly 1.5 to 2 % of global greenhouse gas emissions and account for nearly half of all emissions from farmland. Also, rice has a particularly large water footprints, requiring 2, 000 to 5, 000 litres of water per kilogram, which is two to three times more than other important grains.
Clay Capital, the head investor, highlighted Eratani’s distinctive market positioning. According to lover at Clay Capital, Gerard Chia,” Eratani is redefined what smallholder producers in Indonesia can do.” Their farmer-first, included model sets them apart from normal agritech systems because they act as the” connective tissues” in a highly fragmented wheat farming habitat. Eratani has the potential to influence systemic change by introducing lasting farming methods and opening up new opportunities for producers as carbon markets continue to evolve, in addition to improving producer incomes and productivity.