Eratani Secures Additional Investment for Indonesian Farmer Platform
Deal News | Apr 30, 2025 | SBI Ven Capital Pte Ltd
SBI Holdings announced a follow-on investment in Eratani, an end-to-end platform for smallholder farmers in Indonesia, through the SBI-NTU-Kyobo Digital Innovation Fund. This investment is part of a Series A round that raised USD 6.2 million with participation from Clay Capital, TNB Aura, AgFunder, Genting Ventures, and IIX. Founded in 2021, Eratani provides comprehensive support to small rice farmers in Indonesia, enhancing profitability and promoting sustainable agriculture. With Indonesia's rising demand for rice and government policy emphasizing food security, Eratani is well-positioned for growth. The SBI-NTU-Kyobo Digital Innovation Fund, launched in Singapore in 2022, focuses on early-stage digital companies in Southeast and South Asia, positioning itself as a catalyst for digital transformation. The SBI Group, a noteworthy internet financial services entity established in 1999, operates globally with significant investments in digital and financial technology sectors, including partnerships such as the acquisition of shares in Kyobo Life Insurance. Eratani's contribution aligns with both market expansion in Indonesia and national priorities on food self-sufficiency, promising a robust growth trajectory supported by strong financial backing.
Sectors
- Agricultural Technology
- Private Equity and Venture Capital
- Digital Transformation
Geography
- Indonesia – Eratani provides services to smallholder rice farmers in Indonesia, central to the company’s operations and growth strategy.
- Singapore – The SBI-NTU-Kyobo Digital Innovation Fund and Eratani are headquartered in Singapore, indicating a significant base for operations and financing.
- Japan – SBI Holdings, the parent company of SBI Ven Capital, is headquartered in Japan, highlighting a major geographic aspect of the investment activities.
Industry
- Agricultural Technology – Eratani operates as an Agri-Tech company providing digital solutions for smallholder farmers, aligning with trends in agricultural technology.
- Private Equity and Venture Capital – The article discusses the investment activities of SBI Ven Capital and other Venture firms, which places it within the Private Equity and Venture Capital sector.
- Digital Transformation – The SBI-NTU-Kyobo Digital Innovation Fund focuses on investments in digital platform related sectors across Southeast Asia, signifying involvement in digital transformation.
Financials
- USD 6.2 million – Total amount raised in Eratani's Series A funding round with participation from multiple investors.
- JPY 824.4 billion – Investment assets held by the SBI Group as of December 2024.
- USD 690 million – Assets managed by SBI Ven Capital as of December 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eratani | Target Company | Company | An agricultural technology company providing a platform for smallholder farmers in Indonesia. |
| SBI Holdings | PE Firm | Company | A comprehensive internet financial group based in Japan, involved in financial services and asset management globally. |
| SBI Ven Capital | Bidding Company | Company | A subsidiary of SBI Holdings, engaged in asset management and investments, managing the SBI-NTU-Kyobo Digital Innovation Fund. |
| Clay Capital, TNB Aura, AgFunder, Genting Ventures, IIX | Co-Investors | Company | These companies participated in the Series A round of investment for Eratani. |
| SBI-NTU-Kyobo Digital Innovation Fund | Investment Fund | Company | A fund focused on digital transformation investments in Southeast and South Asia, managed by SBI Ven Capital. |
| Nanyang Technological University and NTUitive | Partners | Company | NTU is a leading university in Singapore, and NTUitive is its commercial arm, collaborating with SBI Group on the fund. |