Indonesia’s B2B agri marketplace TaniHub lands US$17M funding
Indonesia-based agritech startup TaniHub has announced the closing of US$17 million Series A+ round of investment, co-led by Openspace Ventures and Intudo Ventures.
Other investors who joined this round were UOB Venture Management, Vertex Ventures, BRI Ventures, Tenaya Capital and Golden Gate Ventures.
With this round, TaniHub aims to strengthen its market position and accelerate the expansion of service and geographical coverage for farmers and customers to encourage and build inclusivity.
Alongside funding news, TaniHub also announced it will launch a new automated packing and processing centre (PPC) in Malang, East Java, in an effort to reach more farmers.
TaniHub connects farmers with more than 5,000 business customers from small and medium enterprises (SMEs), hotels, restaurants, food processing industry as well as retail customers.
“Agriculture is a key sector in Indonesia, and the industry’s efficiency enhancements can help ensure the welfare and sustainability of livelihoods and communities. We are supportive of TaniHub’s philosophy and look forward to the improvements and opportunities its platform will bring to Indonesia’s agricultural supply chain,” commented Seah Kian Wee, CEO of UOB Venture Management.