Aruna Raises US$35M in Series A Funding
Summary
Aruna, a fisheries and marine platform in Indonesia, raised US$ 35M in Series A funding. The round was led by Prosus Ventures and East Ventures with participation from SIG and existing investors AC Ventures, MDI, Vertex Ventures and others. The company intends to use the funds to continue to expand nationwide presence, further strengthen its supply chain infrastructure, cater to customers in new markets, diversify its product range, and continue to build its data analytics and technology system. Founded in 2016 by Farid Naufal Aslam, Indraka Fadhlillah, and Utari Octavianty, Aruna provides a tech-enabled platform that serves as a one-stop shop and end-to-end supply chain aggregator, streamlining the process for the country’s fishermen. Along with the fundraise, Aruna also announced the appointment of Budiman Goh, as President, and appointed Utari Octavianty, as Chief Sustainability Officer, to lead and strengthen the sustainability initiatives of the company.
Funding
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