JAKARTA (TheInsiderStories) – Aruna, a technology company in the marine and fisheries sector closed a fresh round of funding US$5.5 million from existing investors, East Ventures, AC Ventures, and SMDV. The funding will aid company to scale its fisherman community ecosystem by expanding to more coastal areas.
This funding will help improve their productivity, product quality, and standardization. In addition, the capital raised will assist the startup in scaling its operations into new domestic and export B2B markets.
Aruna has worked with thousands of fishermen in 31 coastal areas across the Indonesian archipelago, covering multiple regions between Sumatra and Papua. The company helps local fishermen export their products to countries in Southeast Asia, East Asia, North America and the Middle East also provides fishermen more direct access to the B2B domestic market.
Farid Naufal Aslam, Indraka Fadhillah, and Utari Octavianty founded Aruna in 2016. The three graduates of Telkom University started the company to leverage technology to create a sustainable and fair-trade ecosystem for fish and marine products.
“During this pandemic, Aruna revenue grew 86 times in the first half of 2020 compared to the first half last year. This is a company that is positively impacted by this crisis and we are excited to double down on them,” said Willson Cuaca, Co-founder and managing partner of East Ventures.
Pandu Sjahrir, founding partner of AC Ventures added, “We are very excited and optimistic that Aruna will continue to be one of the companies that push forward the maritime economy.”
Aruna recorded an 86x growth in revenues at first half of 2020 compared to same period in 2019, as global demand for fresh sea products remains strong despite the pandemic. To cater to the spiking demand for home delivery of fresh produce and staples, the company has launched Seafood by Aruna, a home delivery service for fishery products.
The new service, provides fresh fish and seafood products, ready-to-eat products, and ready-to-cook products for consumers in the Greater Jakarta area, Bandung, and Balikpapan.
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