Indonesia’s F&B startups are more robust with the resilience of Indonesia’s economy
Food and Beverage (F&B) has appeared as a resilient sector for Indonesia despite the slowdown during the pandemic. While most industries experienced a contraction, the F&B sector still grew by 0.2 percent in revenue growth year-on-year (YoY) in the second quarter of 2020, as Statistics Indonesia (BPS) data shows.
Creating future farming with technology for food resilience
The world is facing a dire situation. By 2050, the population is expected to reach an unprecedented 9.7 billion, while the food demand is expected to double. If we do not change our global agriculture system, the world might run out of food in just 27 years, according to The World Count. This is one part of the frightening reality that we must confront. The world is facing many challenges, including climate change, which is causing decreased farming output and rising hunger worldwide.
GREENS aims to empower Indonesia’s 240M non-farmers with its meta-farming solutions
Despite being a country with abundant agricultural resources, Indonesia is facing a threat to its food security. The archipelago loses up to 48 million metric tonnes of food annually primarily due to inefficient processing, storage, transportation, and selling of food crops. It also faces a very high risk of soil erosion. The lack of organic content in the soil harms yields and leads to malnutrition.
GREENS, an integrated food technology startup, secured pre-seed funding led by East Ventures
GREENS, an integrated food technology startup in transforming Indonesia’s food system, announced that it has secured an undisclosed amount of pre-seed funding led by East Ventures, with participation from other investors.
SaladStop! Group, Asia’s first and largest healthy food chain, closes financing round with Temasek, DSG, Vulcan, K3 and East Ventures
SaladStop! Group, the first and largest healthy food chain in Asia, today announced the closing of a SGD12 million series B investment round, featuring some of the most prominent investors in the region. The round, which was oversubscribed, was led by Temasek with participation from new investors Vulcan Capital, K3 Ventures, and East Ventures. Existing investor DSG Consumer Partners also participated in the round.