The Kingdom’s agritech segment is drawing huge interest from the part of investors, according to EcoBusiness, a digital platform dedicated to sustainable development across the Asia-Pacific region.
The trend is attributed to the growing agritech startup ecosystem, deployment of the latest agricultural technologies as well as the role of agriculture in the country’s economic development. The number of active agritech startups has doubled between 2018 and 2022.
Among the investments in the sector which hogged the limelight include Azaylla, an agriculture supply chain platform, receiving an undisclosed amount of pre-series A funding from Singapore-based investor Insitor Partners.
Azaylla, works with smallholder farmers and co-operatives across the country to source fresh produce and the firm is expected to use the new funding to grow its sustainable and socially responsible agri-business network, leveraging technology to supply supermarkets, hotels, restaurants, and caterers with Cambodian agricultural products.
The country has been pioneering the latest technologies across the agriculture and water management areas including drip irrigation, sprinkler systems and water sensors.
Farmers have been using precision agriculture systems encompassing GPS, remote sensing and drones to gather data on soil conditions, crop health and pest infestation. According to the platform, the widespread use of smartphones has led to farmers accessing agricultural information through various mobile applications.
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Author: Sreekanth Ravindran
Source: Khmer Times
January 04, 2024
