Buko Ventures has invested in Mayani, an agri-tech platform in the Philippines, to enhance farmers' earnings and improve consumer access to quality agricultural products through technological advancements.

Target Information

Buko Ventures is thrilled to announce its investment in Mayani, an innovative agri-tech platform based in the Philippines. Mayani is dedicated to enhancing the earnings of farmers while providing customers access to high-quality, affordable agricultural products. By leveraging technology, Mayani is transforming the traditional agricultural supply chain, benefiting both producers and consumers.

The Philippines, characterized by its tropical climate, abundant rainfall, and fertile volcanic soil, boasts a rich array of agricultural products, especially fruits and vegetables. The country has a long-standing tradition of rice farming, alongside significant pork, poultry, and fishing industries. However, the path from farm to consumer often involves numerous intermediaries, leading to high costs and food spoilage. Consequently, the final consumer price can be up to ten times higher than the price paid to farmers, also known as the 'farmgate price.'

Industry Overview

The agricultural landscape in the Philippines is intricately fragmented, comprising over five million small-scale farms. An overwhelming majority of farms—over 85%—are under three hectares in size, with many being less than one hectare, which is com