Aruna, a leading fisheries and marine platform in Indonesia, has announced that it has raised USD 35 million in Series A funding.
Founded in 2016, Aruna’s tech-enabled platform serves as a one-stop-shop and end-to-end supply chain aggregator, streamlining the process for the country’s fishermen. Currently, Aruna has a base of 21,300 registered fishermen across 13 provinces in Indonesia and has been experiencing robust growth of over 7x (year-over-year) in 2020.
The investment will be utilized to expand the company’s nationwide presence and further strengthen its supply chain infrastructure. Aruna also seeks to cater to customers in new markets, diversify its product range and continue to build its data analytics and technology backbone.
Indonesia is home to over 3 million fishermen, and possesses a highly fragmented fisheries vertical. The country is the world’s second-largest fisheries producer, with a market size of more than USD 30 billion.
(Source: Aruna)
