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The investment round will help local farmers bring their products to market
– Parth Borkotoky, Azaila CEO and Chairman of the Board of Directors
PHNOM PENH, Cambodia, Aug. 1, 2022 /EINPresswire.com/ — Azila, a leading food distribution company in Cambodia, announced today that it has received pre-series funding from Incitter Impact Asia Fund II, an investment fund managed by Incitter. Partners.
The company, which works with small farmers and cooperatives across the country to source fresh produce, will use the new funding to grow a sustainable and socially responsible agribusiness network, using technology to supply supermarkets, hotels, restaurants and caterers. Domestic products.
“The importance of bringing products directly from Cambodian producers to consumers has never been greater,” said Part Borkotoki, CEO and Chairman of the Board of Directors of Azaila. “We will give all Cambodian farmers and producers access to a large consumer base.”
The company will launch an online B2B platform for food industry professionals to easily purchase local products. By combining consumer insights, market intelligence and curation, the platform offers consistent pricing and up-to-the-minute availability.
Cambodia currently imports 70 percent of its fresh produce from neighboring countries such as Vietnam and Thailand. Azaila supports the local market by working directly with farmers to improve crop quality, increase yields and access credit.
The investment in Azaila is the ninth in Cambodia for Incitter Partners, a Singapore-based impact fund manager. In the year Founded in 2009 in Phnom Penh, Incitter supports early-stage entrepreneurs in building life-changing solutions for low-income customers in developing Asia. The fund’s 29 investments have impacted more than 50 million low-income clients across the region.
“Agriculture continues to play a vital role in Cambodia’s economic growth,” said Bradley Kopsik, INCITER Cambodia Country Director. “Azaila is working closely with farmers to address the day-to-day challenges they face, including uncertain market demands and backlogs from neighboring countries.”
In the year Incorporated in Cambodia in 2019, Azila received its first round of funding last year from Uberis Capital, a venture capital firm based in Phnom Penh.
Azila Media
media@azaylla.com
Azila
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