From real estate to rearing insects for food: Magalarva's way to a sustainable future

The Magalarva core team © Magalarva

The Indonesian agritech startup is already using insects to replace fishmeal and has new funding to grow further

00:00/00:00
Working with trash sounds like unsavoury business, and working with bug larvae even more so. For Magalarva, however, it’s an opportunity to save the environment and make money at the same time.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. “We're...
Limited Reading

The rest of the content is only available if you are logged in.

Limited Reading

Edited by Matt Stanley

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

small logo

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

By accessing and using www.compasslist.com and all pages within the domain (the “Website”), You accept and agree to have read, understood, accepted and agreed to be bound by the Terms of Use and Privacy Policy in full. If you disagree with all or any part of these Terms of Use and Privacy Policy, please do not use or continue any further use of this website. You acknowledge that you are aware that this Website contains an archive of existing content as at 31 December 2021 and is not being actively managed. We are under no obligation to update the content on this Website and, accordingly, no new content or articles will be posted to the Website after 31 December 2021.