Fresh Capital for eFishery Regional Expansion
An agritech startup, eFishery, raised US$90 million in a Series C funding round led by Temasek, Softbank Vision 2 and Sequoia Capital India. Other investors participating in this funding are Northstar Group, Go-Ventures, Aqua-Spark, and Wavemaker Partners. eFishery Chief Executive Officer Gibran Huzaifa said this funding would be used to strengthen its digital products.
eFishery will also establish the largest digital cooperative for fish and shrimp farming, he said, adding that it will expand to the top ten countries in aquaculture production, such as India and China. "This new funding will be used to expand the company, regional expansion, and achieve our target of becoming a leading aquaculture technology company," Gibran said.