Agritech Funding Heats Up 🌱, China’s EV Surge⚡, GoTo Bets Big on Fintech 💰

Dear Subscribers,

This week, we bring you the latest highlights shaping the startup landscape—from the revival of agritech funding in Indonesia to the latest global AI initiatives and GoTo’s strategic push towards profitability, now backed by its fintech arm.

As the digital economy continues to evolve, we hope this update helps you navigate the fast-changing market dynamics and uncover new opportunities.

Enjoy this week’s insights.

Best regards,

The DailySocial Team

• Agritech Funding Heats Up Again. Two Indonesia-based agritech startups have secured fresh funding:

  1. Elevarm, a startup focused on improving the productivity and sustainability of horticulture farmers, raised a US$4.25 million pre-Series A round led by Intudo Ventures, with participation from Insignia Ventures Partners and 500 Global. [Read More]

  2. Agros, which develops solar-powered irrigation solutions for the agricultural sector, secured US$4.25 million in Series A funding led by Gaia Impact Fund, Schneider Electric Energy Access Asia, and Wavemaker Impact, with additional backing from Global Innovation Fund, Silverstrand Capital, and PropertyGuru Founder Steve Melhuish. [Read More]

• India’s TVS Motor has fully acquired ION Mobility, a two-wheeler EV startup. The entire ION Mobility team will integrate into TVS Motor starting April 1, 2025, with Founder & CEO James Chan appointed as Senior Vice President, leading TVS Motor ASEAN and Platform ION M1-S. TVS Motor, which previously held a 34.5% stake in ION Mobility after its Series A funding in 2023, now consolidates its EV presence in Southeast Asia. This move reinforces the push for EV adoption in key markets, including Indonesia, where the government is actively accelerating electric two-wheeler adoption through subsidies and infrastructure expansion. [Read More]

• Microsoft’s ...