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

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.

Also Read:

Angel investing can help push entrepreneurship in Indonesia: Shinta Kamdani, ANGIN

Indonesia: Kargo gets funding from East Ventures, ANGIN angel investor

Indonesia’s Angin funds three new startups, adds more angels

 

Singapore Reporter/s

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 digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

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 digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.