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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Agriculture Minister Syahrul Yasin Limpo (second right) visits Tanihub s National Fulfillment Center in Cikarang, Bekasi, West Java on April 21, 2021. He is accompanied by TaniHub Group CEO Pamitra Wineka (right) and chief operating officer Sariyo (left). - Courtesy of Tanihub
JAKARTA (The Jakarta Post/ANN): TaniHub Group, one of Indonesia s top agriculture technology start-ups, has raised US$69.5mil (Rp 942 billion) in a Series B funding round to expand its supply chain outside the islands of Java and Bali.
The start-up said in a statement on Friday (May 21) it would use the new funds to build more “mini hubs” of warehouses or packaging facilities across the archipelago with an aim to boost transactions and exports of fresh products by volume.
Indonesian agritech startup TaniHub raises $65.5m in Series B led by MDI Ventures
Agricultural paddy
May 21, 2021
Indonesian agritech startup TaniHub Group has raised $65.5 million in a Series B round led by MDI Ventures, the venture capital arm of the country’s state-owned telco firm Telkom Indonesia.
New and existing investors including Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management, and Vertex Ventures participated in this funding round.
Earlier this month, DealStreetAsia first reported that TaniHub Group was in talks to raise a new funding round of around $60 million with MDI Ventures coming in as a new investor.
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
Indonesian agritech platform TaniHub Group harvests a $65 5M Series B round – TechCrunch – Bestgamingpro bestgamingpro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestgamingpro.com Daily Mail and Mail on Sunday newspapers.