Indonesian farm-to-consumer app harvests $65.5m
TaniHub matches 45k+ farmers with 350k buyers across Indonesia, the world’s 4th-most-populous country.
By:
Juliet Bennett Rylah
May 25, 2021
Don’t let this fool you, Indonesia is made up of 17k+ islands! (Source: Getty Images / Encyclopedia Britannica)
It turns out Stardew Valley isn’t the only farming app people love.
TaniHub Group, an Indonesian startup that connects farmers to customers, just announced $65.5m in Series B funding, per
Founded in 2016, the agtech startup currently hosts 45k+ farmers and 350k buyers, including restaurants and stores.
The business model is straightforward…
… and consists of 3 parts:
TaniHub, its ecommerce platform, where farmers and customers meet
Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round
TaniHub Group, an Indonesian startup that helps farmers get better prices and more customers for their crops, has raised a $65.5 million Series B. The funding was led by MDI Ventures, the investment arm of Telkom Group, one of Indonesia’s largest telecoms, with participation from Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management and Vertex Ventures.
Openspace and Intudo are returning investors from TaniHub’s $10 million Series A, announced in May 2019. The new funding brings its total raised to about $94 million.
Founded in 2016, TaniHub now has more than 45,000 farmers and 350,000 buyers (including businesses and consumers) in its network. The company helps farmers earn more for their crops by streamlining distribution channels so there are less middlemen between farms and the restaurants, grocery stores, vendors and other busine
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