Indonesia’s AgriAku secures new capital amid business realignment

▤ Summary

AgriAku raised about $4 million to $6 million in a convertible note round led by Redbadge Pacific. The company plans to use the fresh capital to extend its runway while it narrows its strategy toward agricultural input distribution. It is also restructuring internally, including changes that have affected its sales team and earlier staff reductions. The raise comes during a tougher funding environment for agritech startups, though investor activity in Southeast Asia is showing early signs of recovery.

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