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 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 [...]