Igrow

wealthtech-retailother investments platform

FOUNDING YEAR: 2014
LOCATION: Indonesia
Last Update: 17/07/2020

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About

iGrow is a marketplace that helps under employed farmers and under-utilized land to produce high-quality organic food and sustainable incomes with cloud-based agricultural management software. iGrow is building scalable and efficient organic farm funded by urban people around the world. We connect farmers, landowners, and the backers to create food organic plantation, and we sell the crops directly to the customer like the highly networked supermarket. We are in the business for 18 months, 60% season over season growth, planting in 2000 times football field size plantation. We already had 24 thousand aq acre more in the pipeline. In Indonesia alone there is 27 million square acres under utilized land with 130 billion USD food agro market size We already profitable, Last year we harvested 350-ton peanut that brought 24% annualized return to the backers. It's kind of like AirBnB has built the worlds largest hotelier, were building the worlds largest high-quality organic farm.

MEDICI Analysis

iGrow is a marketplace that helps under employed farmers and under-utilized land to produce high-quality organic food and sustainable incomes with cloud-based agricultural management software.The company partnered with farmers and agribusinesses and allows users to invest in and take ownership of farms by allowing them to buy seeds.

Focus

PRODUCTS & SERVICES

Marketplace for organic farming

MAIN CLIENTS

Farmers

landowners and retail investors

People

FOUNDERS

Andreas Senjaya

Jim Oklahoma

BOARD MEMBERS AND ADVISORS

Andrea Barrica

Marvin Liao

NUMBER OF EMPLOYEES

1-10

INVESTORS:

500 Startups

East Ventures

Google Launchpad Accelerator

Rekanext

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Mar 2018

SEED CLOSED ON

Jun 2016

FUNDING SERIES

SERIES A  · ---  · Jun 2016

PRIZE MONEY

$50 K

LISTED

NO

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