eFishery Overview
Pro stress-test →Founded in 2013, eFishery is the first Aquaculture Technology startup in Asia that develops innovations in the aquaculture field. The company provides an end-to-end platform offering access to feed, financing, and market to fish and shrimp farmers. eFishery is revolutionizing the relatively untapped $9.4 billion-valued Indonesian aquaculture market.
Strategic Profile
Pro stress-test →eFishery achieved unicorn status after raising $200 million in its Series D funding round in July 2023, becoming the first startup in the global aquaculture industry to attain unicorn valuation. The startup is currently the largest digital technology company for aquaculture sector in world, helping more than 100,000 farmers, 300,000 ponds, and employing more than 2,000 staff members. The platform includes an IoT auto feeding system, marketplaces for fish and shrimp feed, fresh products for B2B consumers, and financial products for fish farmers.
Competitive Landscape
Pro stress-test →eFishery operates in an underdeveloped aquatech market with limited direct competitors. The primary competitive threats are traditional manual aquaculture methods and regional aquaculture operators without technology platforms. Global aquaculture technology companies are beginning to enter the space, but eFishery's early-mover advantage, local expertise, and network of 100,000+ farmers provide substantial barriers to entry.
Industry Context
eFishery operates in Aquaculture technology platforms.
Key facts
Founded: 2013 · Headquarters: Jakarta, Indonesia · Employees: 2,000+ · Revenue: $475.2M · Market cap: $1.0B+