May 25

TaniHub Bags $70 Million Series B, Aims to Expand Supply Chain

By Vincent Fabian

TaniHub Group, one of Indonesia’s top agriculture technology start-ups, has raised US$69.5 million (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 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.

Photo courtesy of sasint.

Source: The Jakarta Post (link opens in a new window)

Agriculture, Technology