From real estate to rearing insects for food: Magalarva's way to a sustainable future
- Indonesia
- 4 min read
- Jun 27, 2019
- By Putu Agung Wija Putera
The Magalarva core team © Magalarva
The Indonesian agritech startup is already using insects to replace fishmeal and has new funding to grow further
The startup, which grows insect larvae to be used as a protein source in animal feed, raised US$500,000 in seed funding this June from an unnamed multinational. Magalarva plans to use the monies to start full-scale operations at a new facility, increasing their output 15-fold.
“We expect to be profitable in less than a year,” CEO and co-founder Rendria Labde told CompassList in an interview....
The rest of the content is only available if you are logged in.
We pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website.
IN THIS INSIGHT
MOST VIEWED
RECOMMENDED
Interviews Premium
NutraSign: Farm-to-fork traceability app for healthier lifestyles- Spain
- 16 min read