# Semaai Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/semaai-pte

- Industry: Agribusiness
- Headquarters: Jakarta, Indonesia
- Website: www.semaai.com
- Total disclosed funding: $4.7M
- Latest round: Seed (Aug 30, 2023)
- Investors on record: 5

## About

Based in Indonesia, Semaai Pte. Ltd. operates a marketplace platform tailored for the agricultural sector, enhancing supply chain efficiencies for local farmers and retailers through innovative technology solutions.Semaai Pte. Ltd. was founded in 2021 in Jakarta, Indonesia. The company specializes in a mobile application that facilitates transactions within the agricultural sector. The founders, Abhishek Gupta, Gaurav Batra, and Yoga Anindito, have directed the company's focus towards integrating technology with agriculture. Semaai has completed 6 deals, and its latest funding round was a Seed round on January 8, 2024, raising USD 3.460 mn, led by Accion, BEENEXT, CyberAgent Capital, Sajid Rahman, and Surge. Overall, the total amount raised by the company amounts to USD 3.460 mn, with a current valuation of USD 17.481 mn.Semaai offers a comprehensive marketplace platform designed specifically for the agricultural sector in Indonesia. The core product, a mobile application, facilitates transactions between farmers, agricultural supply stores, and distributors, allowing users to access a range of agricultural inputs such as fertilizers, pesticides, herbicides, seeds, and fungicides. The platform enhances supply chain efficiency by introducing features like a payment system that allows stores to manage stock levels without immediate capital outlay, thus addressing common financial constraints faced by local agribusinesses. Semaai's client base includes agricultural supply shop owners and farmer groups predominantly located in over 5,000 villages across Central Java and Yogyakarta. By leveraging technology to streamline operations and improve accessibility to essential farming products, Semaai contributes to the broader objective of enhancing the livelihoods of Indonesian farmers.Semaai generates revenue through a transaction-based model, wherein agricultural retailers and farmers utilize the marketplace app for purchasing products. The platform facilitates direct transactions between suppliers and end users, with a specific focus on enabling stores to acquire inventory through flexible payment terms. The purchasing process typically involves a minimum order value, allowing shops to order products without upfront payments, which can improve cash flow and inventory management. By providing a stable pricing structure and various agricultural products, Semaai supports the growth of its client businesses while positioning itself as an essential partner in the agricultural supply chain.In January 2024, Semaai Pte. Ltd. raised USD 4.7 mn in a pre-Series A funding round led by returning investor CyberAgent Capital, with participation from new investors including Sumitomo Corporation Equity Asia, Ruvento Ventures, MyAsiaVC, and Heracles Capital. The company plans to utilize this funding to expand its advisory services to more farmers and agri-retailers, collaborate with fintech organizations, and solidify its presence in Central Java. Additional plans include the development of new products aimed at improving operational efficiency for users and potential geographic expansion into other regions of Indonesia, although specific timelines have yet to be announced.

## Funding rounds

- Seed, Aug 30, 2023, $3.5M — Accion, CyberAgent Capital, BEENEXT, Surge, Sajid Rahman
- Seed, Mar 10, 2022, $1.3M — BEENEXT, Surge

## Investors

- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Seed
- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Seed
- Sajid Rahman — Seed