Indonesian startup eFishery draws investment from Japan farm lender

First move through Norinchukin's new fund to help bring tech into aquaculture

20230725N shrimp

eFishery's smart feeding system can help shrimp and fish farmers cut costs. © Reuters

RIHO TAKAHASHI, Nikkei staff writer

TOKYO -- A unit of Norinchukin Bank, Japan's largest agricultural lender, will invest potentially several million dollars in an Indonesian startup aiding digital transformation in aquaculture.

Norinchukin Capital will make the investment in eFishery through a fund launched in May that targets startups working in agriculture, forestry and fisheries, as well as decarbonization. This will mark the company's first such investment overseas.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.