Rize has raised $31 million in a Series B round of equity and debt to expand in Vietnam and Indonesia. The company is also evaluating an India entry, likely starting with southern rice farmers, within the next six months to a few years.
Rize currently works with 17,000 farmers across 50,000 hectares in Vietnam and Indonesia. It runs a financing-led model where it supplies farmers with seed, fertilizer and equipment on 150 days of ze…