Our mission is to support local businesses and help expand their e-channels thru our app,” says Crystabelle Anne Gonzalez, the Co-Founder & Chief Executive Officer of Pick.A.Roo, which was just launched last August 2020 in the middle of the lockdown. “We partnered up with Mayani because our goal and initiatives are aligned when it comes to promoting local farmers and offering local organic produce.
Philippine agri-fisheries startup Mayani nets $1.Riding on the wave of an ultra fast-growing Internet economy in the Philippines, the Megaworld-backed lifestyle delivery app Pick.A.Roo creates a formidable team-up with leading agriculture technology platform Mayani in their shared bid of providing on-demand more organic produce at fresher quality to the health-conscious market.
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Read the full article here 👉 JT Solis #plugandplayapac #pnptcapac #plugandplay #startups #innovation #funding #accelerator #openinnovation #mayani #portfolio #agrifisheries #farmers #supplychain #philippines #agriculture #produce #food #agtech #startup #tech #venturecapital #venturecapital #retail
Mayani is an agri-fisheries value chain platform that directly sources fresh produce and agricultural products from over 139,000 organized smallholder farmers and distributes to 20,000+ retail customers and 230+ commercial stores. The funding round also paved the entry for a global coalition of backers, including United States and Southeast Asia funds of Plug and Play Tech Center. The oversubscribed seed funding for the Philippine-based agri-fisheries startup was anchored by the Silicon Valley agtech venture capital (VC) AgFunder through its GROW Impact Fund. Philippine agri-fisheries startup Mayani nets US$1.7M in AgFunder-led round | e27Ĭongratulations to our #portfolio startup MAYANI for securing $1.7 million in seed funding! 🎉 #Mayani #agtech #foundersbackingfounders
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The company is said to have already primed its Series A discussions on the back of significant growth achieved in the 2022 operating year. On the other hand, the farmers’ farm-gate and post-catch incomes are boosted by at least 30 percent while reducing food loss by 20 percent. The resulting value chain creates cost savings on the part of buyers while making their supply chain more resilient and dependable. Those buyers comprise B2B players like international hotels and restaurants, food processors, and supermarket chains such as WalterMart, Robinsons Group, and MerryMart.
It then leverages demand-matched supply data to achieve efficiencies in a shorter route-to-market with fewer intermediaries as they deliver fresh produce and even sustainably caught seafood downstream to buyers. It has since expanded in various agri-categories, including poultry, processed commodities like Liberica coffee, and high-value fruits such as honeydew gold.Ĭurrently, the startup directly sources harvests from a grassroots network of over 139,000 smallholder farmers across five regions in the Philippines’s populous and largest island Luzon. Mayani began its supply chain operations in Southern Luzon by focusing on fresh lowland produce such as lettuce and eggplant. Mayani’s technological stack was initially funded through grants from the Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA). Jimenez family (known for establishing broadcasting giant GMA), the families behind the Malaysian conglomerate OSK Group, and Philippine retailer Abenson Group also participated. Mayani, an agri-fisheries startup providing sustainable market linkage to smallholder farmers and fisherfolk in the Philippines, has secured US$1.7M in oversubscribed seed funding anchored by Silicon Valley agtech VC AgFunder through its GROW Impact Fund.Ītlas Ventures, Accelerating Asia Ventures, Ocean Impact Organization, TheVentures, and Plug and Play Ventures also joined. We couldn't be more proud to become one of the investors of an exceptional company like MAYANI! Hearty congratulations on the funding, and we are genuinely delighted to participate in your journey to create a significant impact on society.
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