Aqua-Spark-backed Indonesian aquaculture technology company, eFishery, will use proceeds from its recent $200 million (€180.5 million) fundraise to expand its existing business, move further downstream in the value chain, and grow commercially in India, Gibran Huzaifah, co-founder and CEO of the company, told IntraFish.
Since launching in 2013, the Bandung-based company has deployed thousands of automatic "smart" feeding systems across Indonesia, and developed online platforms and mobile applications allowing small-scale fish and shrimp farmers to better control feed efficiency and purchase equipment and feed more competitively.
