Logo of Phnom Penh Post newspaper Phnom Penh Post - Azaylla gets pre-series A funding to grow network, lift smallholder farmers

Azaylla gets pre-series A funding to grow network, lift smallholder farmers

Content image - Phnom Penh Post
A woman harvests vegetables on a farm on the outskirts of Phnom Penh last year. Heng Chivoan

Azaylla gets pre-series A funding to grow network, lift smallholder farmers

Homegrown distribution start-up Azaylla (Cambodia) Co Ltd has secured pre-series A funding from Insitor Impact Asia Fund II to grow its network with smallholder farmers and cooperatives across the country to source and supply fresh produce.

The Phnom Penh-based agritech firm said the new funding (amount not mentioned) would help expand its “sustainable and socially-responsible network” via technology to supply local products to supermarkets, hotels, restaurants and caterers.

Currently, Cambodia imports around 70 per cent of its fresh produce from neighbouring countries, including Vietnam and Thailand.

Azaylla supports the domestic market by working directly with farmers to improve crop quality, increase yield, and ensure access to credit.

Azaylla CEO and board chairman Parth Borkotoky told The Post on August 2 that the fund would expand its agri-business network, including developing an online business-to-business (B2B) platform, making it easier for food industry professionals to buy local products.

Incorporating consumer insight, market data and curation, the platform would provide consistent pricing and up-to-the-minute availability.

“Through our network and online platform, we would help farmers increase their customer base to maximise returns on their products,” Borkotoky said.

Meanwhile, country director Bradley Kopsick of impact investor Insitor Cambodia, which is part of Singapore-based fund manager Insitor Partners, said agriculture continues to play a crucial role in the development of Cambodia’s economy.

“Azaylla works closely with farmers to address a range of day-to-day challenges that they face, including uncertain market demands and yields that lag behind neighbouring countries,” said Kopsick.

Azaylla is Insitor Partners’ ninth investment portfolio in Cambodia. Founded in Phnom Penh in 2009, Insitor Cambodia backs early-stage entrepreneurs to build life-changing solutions for low-income customers in developing Asia.

The fund’s 29 investments have impacted more than 50 million low-income customers in the region.

Research by the Centre for Policy Studies showed that 200 to 400 tonnes of vegetables are imported daily from Cambodia’s neighbours. It also stated that between $150 million and $250 million is spent annually on vegetable imports from Vietnam, Thailand and China.

In the first half of 2022, the export of agricultural products to 65 countries and territories totalled more than five million tonnes, representing an increase of 13.05 per cent compared to 4.5 million tonnes in the same period in 2021.

The total value of exports (price unit based on exporters’ invoices) amounted to nearly $2.2 billion, according to the Ministry of Agriculture, Forestry and Fisheries.


  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to