Into the depths of Indonesia’s aquaculture space

More: Singapore-based Apeiron Bioenergy raising US$37 million in first bioenergy-focused SGD bond issuance in Asia. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [The shifting dynamics of Indonesia’s aquaculture industry]( - Indonesia-based Baskit raising US$3.3 million amid a tough B2B ecommerce landscape - Other newsy highlights such as Singapore-based Apeiron Bioenergy raising US$37 million in the first bioenergy-focused SGD bond issuance in Asia --------------------------------------------------------------- Hello {NAME} It’s weirdly easy for me to picture the pirates of old (the ones with hooks, peg legs, and eyepatches) being quite appalled by the rise of aquaculture. There’s something about cultivating and rearing seafood in controlled environments such as ponds or tanks that I believe will give these pirates a sinking feeling. “Shiver me timbers, the landlubber’s abominable creation!” I imagine they would proclaim. But aquatic farming was never about avoiding the perils of the open sea. Blimey. It presents a sustainable method of producing aquatic products to meet the ever-rising demand for protein-rich foods. Not only does the practice reduce overfishing, but it also supports local communities and provides food security. Indonesia’s aquaculture companies know this all too well. The country is the world’s second-largest aquaculture producer, but industry insiders believe that firms have only tapped into 7.38% of the archipelago's potential in this space. With the sector on the precipice of massive change, today’s featured piece breaks down the business models that startups are implementing to capture the market and explores the current challenges to increasing Indonesia’s aquaculture output. It’s time to dive into some fishy business! -- Shravanth P.S.: If you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups.  ---------------------------------------------------------------  THE BIG STORY [Indonesia’s aquaculture industry rises to the helm amid farmer decline]( The archipelago’s aquaculture startups seek to surpass China’s aquaculture output using different business models. --------------------------------------------------------------- TRENDING NEWS [Baskit raises $3.3m amid tough B2B ecommerce landscape]( While the company currently operates largely in the West Java region, it plans to use the fresh funds to expand into Greater Jakarta. [PayerMax subsidiary receives payment license in Indonesia]( The Singapore-headquartered company has secured similar licenses in other key markets such as Hong Kong, Thailand, and the Philippines. [Byju’s assures investors of FY 2022 earnings audit by September]( Deloitte recently resigned as Byju’s auditor, saying that it was unable to complete its audit of the edtech firm’s FY 2022 financials due to delays. [Prenetics announces $200m JV for early cancer detection]( Insighta is a 50/50 joint venture with Dennis Lo, an expert in non-invasive prenatal testing and liquid biopsy. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Forget Shanghai. China’s lower-tier cities are set to fuel consumption]( The country will add 80 million middle-class consumers by 2030 and 70% of them will come from lower-tier cities, according to a new report. ---------------------------------------------------------------  TECH IN ASIA'S FOUNDERS MEETUP: THAILAND  Come aboard and discover how you can navigate through the challenges of your startup journey. Are you a founder seeking solutions to your startup’s most pressing issues? Or are you someone who can offer your own expertise to help others overcome their roadblocks? No matter which one applies to you, mark your calendar for July 26 and join us in the heart of Bangkok at theCOMMONS to connect, learn, and exchange ideas with fellow founders from the Tech in Asia community. Why navigate the startup journey alone when you can collaborate with other founders and break through barriers together? Limited seats are available - act fast and secure yours [here](. Tickets are on sale at US$12.50 each, inclusive of light bites and one complimentary drink. Don’t miss it! Special thanks to our official event partners - AWS, CleverTap, Cooley, D.Camp, Sinarmas Land, Singapore Global Network (SGN), and Quest Ventures - and our community partners - WeWork, Gobi Partners, Antler, The Sentry, Vietcetera, Golden Gate Ventures, and Purple Quarter - for making this meetup possible. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! - [Tech in Asia’s Founders Meetup: Thailand on July 26]( Want to be where Thailand’s founders converge? Join us at our networking event, which will be held on July 26 at theCOMMONS, Thonglor, 335/1 Sukhumvit 55 Klongton Nua, Wattana, Bangkok 10110 from 5:30 p.m. to 7:30 p.m. Whether you’re facing fundraising challenges or navigating the complexities of talent acquisition, connect with fellow founders and find solutions to your most pressing issues while offering your own expertise. Don’t miss out - sign up now! - [SYNC 2023: Climate Tech on August 21]( Do you want to make a positive impact on the fight against climate change? Join SYNC 2023 on August 21 at Singapore's green haven, Gardens by the Bay, to learn more about sustainable innovation and eco-friendly practices. Besides spotlighting climate tech via this invite-only event, Tech in Asia is committed to reducing our carbon footprint. Be part of this movement towards a sustainable future - send in your application for a SYNC 2023 ticket today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Showwcase Elite - Flutter Developer]( at Showwcase Singapore, Singapore - [Growth & Commercial Manager - Grocery Delivery Startup]( at BeepBeep! Singapore, Singapore - [Data Scientist (Customer Acquisition)]( at Trusting Social Ho Chi Minh City, Vietnam - [Market Analyst]( at Jiva Surabaya, Indonesia - [Data Analyst]( at UENA Jakarta, Indonesia - [Technical Sales]( at Jala Tech Yogyakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894