The biggest fish in SEA’s aquaculture space

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Hello there

I have been lucky enough to spend most of my life near the sea. Coastal folk across the globe will probably tell you that there is a certain alluring charm about the beach, and they’re not wrong. In the city of Chennai, the friendly yet sprawling fishing community has been a big part of that charm.

Living in the capital of Tamil Nadu and one of India’s busiest coastal cities, it is almost impossible not to get entwined with the marine fishers. Slightly over a million of them ply their trade across the state’s 1,000-kilometer coastline.

However, due to a lack of feasible alternatives, they deploy outdated - and in some places illegal - fishing methods like bottom trawling. This practice destroys the natural seafloor habitat by essentially rototilling the seabed, causing irreparable damage to the marine ecology.

The scenario above is screaming for technological intervention, and aquaculture may just provide the right solution. Today, we take a deep dive into Indonesia-based eFishery’s massive funding round and its ambitions of international expansion, with its eyes firmly set on India and other Southeast Asian markets.

-- Shravanth
 
 

THE BIG STORY

Exclusive: IDN aquaculture startup nets $90m series C from Temasek, SoftBank, Sequoia
The round is the largest-ever VC financing for an aquaculture startup globally, and it will fuel eFishery’s expansion to 10 countries by 2025.
 
 

CALLING SOUTHEAST ASIA’S FEMALE FOUNDERS


What’s it like being a female founder in Southeast Asia? What are the challenges you face in running and growing your business? What do you think needs to be done to step up entrepreneurship among women in the region?

That’s what Tech in Asia hopes to find out. As part of our upcoming International Women’s Day campaign, we’re conducting a survey to shed light on your experiences, creating a snapshot of the ups and downs of your entrepreneurial journey and painting a picture of what it’s like being a female founder in the region.

If you fit the bill, we’d love to hear from you. Please share your insights with us here.



 

TRENDING NEWS

BharatPe co-founder in legal tangle after alleged ‘abusive call’
Grover allegedly verbally abused a Kotak bank employee over the phone for failing to deliver Nykaa shares to him and his wife during the company’s IPO.
China to roll out e-yuan at Winter Olympics
While visitors can use the digital currency via an app or a card, players and coaches can get wristbands that double up as e-wallets, reported Bloomberg.
Una Brands co-founder backs 🇹🇭 proptech startup’s $2.5m round
PropertyScout aims to reduce the risks associated with renting buying, and selling homes.
Indonesia’s KoinWorks raises $108m from MDI, East Ventures
Koinworks has raised US$70 million in equity and US$110 million in debt to date.
Lamudi buys OLX Indonesia’s real estate business
After the deal, Lamudi Indonesia’s classifieds platforms will get 4.5 million monthly unique visits and 600,000 new property listings every month.
Indian waste ♻️ firm sweeps in $22m in Morgan Stanley-led round
Recykal has launched a B2B marketplace that connects participants across the waste recycling value chain.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • Fast Forward with HPE! on January 13
    A multistage B2B startup competition specially crafted to help scale and grow early-stage technology startups across the APAC region. Catch the top 10 startups now as they pitch to a panel of esteemed judges and find out which team made it to the finals!
  • *Event* Ask Me Anything about NFTs on January 14
    Ask all your questions to Alan Seng, the founder of Dark Zodiac, a Singapore NFT project that made S$1.4 million (around US$1 million) after selling all of its 3,876 NFTs in 80 minutes.
  • AWS SaaS Forum on February 17
    Join the AWS SaaS Forum on February 17 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



WHO'S HIRING

You can post a job here or search for jobs here.

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