B2B agriculture marketplace TaniHub lands US$17M Series A+ funding
Indonesia-based agritech startup TaniHub has announced the closing of US$17 million Series A+ round of investment, co-led by Openspace Ventures and Intudo Ventures.
Other investors who joined this round were UOB Venture Management, Vertex Ventures, BRI Ventures, Tenaya Capital and Golden Gate Ventures.
With this round, TaniHub aims to strengthen its market position and accelerate the expansion of service and geographical coverage for farmers and customers to encourage and build inclusivity.
Alongside funding news, TaniHub also announced it will launch a new automated packing and processing centre (PPC) in Malang, East Java, in an effort to reach more farmers.
TaniHub connects farmers with more than 5,000 business customers from small and medium enterprises (SMEs), hotels, restaurants, food processing industry as well as retail customers.
“Agriculture is a key sector in Indonesia, and the industry’s efficiency enhancements can help ensure the welfare and sustainability of livelihoods and communities. We are supportive of TaniHub’s philosophy and look forward to the improvements and opportunities its platform will bring to Indonesia’s agricultural supply chain,” commented Seah Kian Wee, CEO of UOB Venture Management.
IoT Tribe announces 12 startups selected for its Deep Tech Accelerator Programme
IoT Tribe, an equity-free accelerator primarily focusing on getting IoT startups from design to market, has announced a new initiative for deeptech startups.
The programme will be running in three cohorts in Singapore over 2020 and 2021, where startups will attend workshops, one-to-one business planning sessions and get pitch coaching.
The 12 companies in the first cohort are:
AtomBrush – a robotics startup based in Singapore that builds products from scratch
Avirtech – provides drones and other smart technologies for the agriculture industry
Leorix — manages infrastructure for high-frequency data pipelines to reduce time and money spent on building complex custom solutions.
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Meracle – harnesses digital technology to optimise asthma therapy
Moaah – offers business development tracking and analytics software for professionals.
MyrLabs – builds technologies to enable fast-moving robots
PhonePass – a two-factor authentication technology firm based in Australia
Psion Insights – specialises in digital advisors, machine learning, deep learning, predictive analytics to empower risk management
RisikoTek – uses data analytics and entity resolution to detect money laundering
SenzeHub – wearable tech that can provide patient location, vitals reading, as well as an abnormality and crisis detection through AI
SmartBeing – AI startup that focuses on smart homes, enterprises, and connected cars
WeavAir – uses advanced sensor technology, algorithms, and predictive analytics to manage heating, ventilation, and air conditioning systems
gojek launches 12 welfare programmes for driver-partners
Indonesia’s ride-hailing super app gojek has launched 12 welfare programmes to support its driver-partners affected by the COVID-19 outbreak, according to a statement.
The fund will focus on three areas that are likely to affect drivers using the gojek platform — healthcare provision, reducing daily costs, and income assistance.
Recently, gojek co-founders and senior management had pledged 20 per cent of their annual income to support those affected by COVID-19.
The elements of the provision will include hygiene kits like masks, sanitisers and health insurance coverage and other items like affordable meals and vehicle loan payment relief.
“This package of initiatives is designed to cover the key areas in which drivers are likely to experience hardship as society navigates its way through the current crisis. Our team has been working very hard to initiate these programs, and there are several more in the pipeline.
Although it will take us some time to fully activate the rollout due to limited availability of supplies and social distancing measures, we want to reassure all driver-partners that gojek is here for you, just as you have always been here with us over the years,” said co-CEO Andre Soelistyo.
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Image Credit: gojek, IoT Tribe, TaniHub
The post Afternoon News Roundup: Indonesia’s B2B agri marketplace TaniHub lands US$17M funding appeared first on e27.