Indonesia DB: Fishery platform Aruna, crowdfunding site GandengTangan raise funds

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Two Indonesia-based startups with social missions have raised some undisclosed amount of seed funding. Aruna, an integrated fishery platform, has raised a seed funding from hardware and machinery distributor UMG Indonesia while GandengTangan, a crowdlending site for micro-entrepreneurs, secured an investment from Mariko Asmara, a member of Angel Investment Network Indonesia (ANGIN).

Aruna to develop B2B online lending platform

Aruna said it will use the funding to develop a B2B online trading platform and app for its fishermen-partners. It also aims to acquire more talent.

UMG Indonesia will also act as a partner to help Aruna set up microfinancing, logistics, and procurement of cold storage facilities.

The platform offers two services: an online marketplace for fishery products and a digital fish auction platform.

The startup has partnered with a number of fishermen groups in various regions in Indonesia, including West Java, Aceh, South Celebes, and East Borneo. With the new investment, it plans to expand by getting more groups and co-operations.

GandengTangan gets on board new angel investor

Crowdlending site GandengTangan has roped in Mariko Asmara as its newest investor. Asmara is the chairman of JAC Recruitment Indonesia and one of the most active angel impact investor in Indonesia.

She is also the co-founder of Sato Kogyo Indonesia and Ango Ventures, and has invested in multiple businesses aiming to deliver improvement in livelihood through sustainable agriculture, empowerment and capacity building.

“I believe that GandengTangan can increase the performance of SMEs in the future. Along with government programs, we should be able to increase the percentage of entrepreneurs in Indonesia from one percent to at least five percent,” said Asmara in a statement.

Launched in 2015, GandengTangan organizes peer-to-peer lending to boost micro businesses. Currently, it has recorded over 700 lenders who have funded 20 enterprises, and directly impacted the lives of 3,500 individuals.

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