East leads $26m Series A for Indonesia agtech start-up

Sinar Mas Digital Ventures (SMDV), Eight Capital, K3 Ventures, Indogen Capital, and Sampoerna Financial also participated. Strategic support came from logistics platform Waresix and agriculture companies Triputra and Sahabat Group. Waresix is also backed by East, Triputra, and SMDV. Triputra is one of East’s LPs.

Gokomodo aims to increase sourcing transparency, accessibility, and efficiency for both agribusiness corporates and smallholder farmers. Its enterprise platform offers procurement services such as finding verified sellers as well as an e-commerce storefront. Smallholder farmers are said to benefit from lower product prices with reliable availability achieved through a logistics tie-up with Waresix.

The company describes its model as a dual approach that combines a digital platform with a strategic physical footprint. This is said to ensure operations penetrate areas where digital infrastructure remains lacking. Proximity to farmers is hoped to improve their welfare and help them to build more sustainable farming practices.

Operations include the largest enterprise network and land coverage in the agribusiness supply chain space, according to a statement. The ecosystem encompasses more than 3,000 companies including major corporates such as Sinar Mas, First Resources, and Sampoerna Agro.

The plan is to expand the product selection on the platform, grow the customer base, enhance digital services, and build out physical distribution points in remote areas to create a stronger online-offline presence in underserved areas.

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• Topics
• Southeast Asia
• Industrials
• Technology
• Early-stage
• Indonesia
• East Ventures
• Sinar Mas Digital Ventures
• K3 Ventures
• Agriculture
• Logistics