Indonesian agri tech start-up TaniHub bags US$70mil Series B, aims to expand supply chain

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.