Adaptation strategies of fishery business to thrive amid the pandemic
Adaptation strategies of fishery business to thrive amid the pandemic From the perspective of Utari Octavianty, Chief Sustainability Officer (CSO) of Aruna While many sectors were hit hard during the pandemic, fishery showed a positive trend. What sort of transformations occurred in Aruna? When the pandemic hit, we first sorted out the logistical issues since 80% of Aruna business revolves around exporting commodities. We used to face grave difficulties in overseas shipping that led us to launch our products in the domestic market in March. Necessary adjustments were conducted to suit the market during the pandemic. [...]
Sustainable food production by compression of fishery’s fragmented supply chain in Indonesia: East Ventures’ thesis on local agritech, Aruna
With over 23 million tons of annual seafood production, Indonesia is second only to China in the global seafood market. The fishery sector generates approximately US$ 4.1 billion in annual export earnings, empowers more than 7 million jobs, and contributes 50% of Indonesia's animal-based dietary protein.
Aruna raises US$ 30 million in follow-on series A funding, bringing total capital raised to US$ 65 million
Aruna, Indonesia’s leading fishery and marine platform, has announced a US$ 30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital.
East Ventures 2021 recap: 80+ deals made across SEA’s fastest growing sectors, aiming for sector diversification in 2022
Welcoming the new year of 2022, East Ventures is taking this opportunity to look back and reflect on the year 2021. Just like the rest of the world, the COVID-19 pandemic has also severely impacted our ecosystem—not only Indonesia, but it also took a heavy toll on Singapore and other SEA countries as well.
East Ventures di 2021: 80+ deal di berbagai sektor unggul di Asia Tenggara rampung, mengincar diversifikasi sektor di tahun 2022
Menyambut tahun 2022, East Ventures mengambil kesempatan ini untuk melihat kembali dan merefleksikan tahun 2021. Sama seperti di seluruh dunia, pandemi COVID-19 juga memberikan dampak yang sangat besar pada ekosistem kami—tidak hanya di Indonesia, namun juga Singapura dan negara-negara Asia Tenggara lainnya.
Aruna promotes fishermen’s welfare through a sustainable and fair ecosystem
Aruna promotes fishermen’s welfare through a sustainable and fair ecosystem
Aruna secures series A funding of US$ 35 million led by Prosus Ventures and East Ventures
Indonesia’s fisheries platform, Aruna, secures series A funding of US$ 35 million led by Prosus Ventures and East Ventures, leading the path for long-term sustainable fishing practices in coastal communities.
Aruna records 86x growth during pandemic
Aruna records 86x growth during pandemic, raised fresh funds from existing investors 12 August 2020 JAKARTA, 12 August 2020 — Aruna, a technology company in the marine and fisheries sector, closed a fresh round of funding from existing investors as the company records 86x growth amidst the pandemic. The US$5.5 million funding from East Ventures, AC Ventures, and SMDV will aid Aruna to scale its fisherman community ecosystem by expanding to more coastal areas. Therefore, the company can educate more fishermen to increase their productivity, product quality, and standardization. In addition, the capital raised will [...]