Agritech Startup TaniGroup Receives Million Dollars Pre-Series A Funding
The round is led by Alpha JWC Ventures and supported by some angel investors
Amir Karimuddin - 26 April 2018
Agritech startup company TaniGroup, consists of TaniHub and TaniFund, announces Pre-Series A funding worth millions of dollars. The round is led by Alpha JWC Ventures and followed by some angel investors. It's expected to help TaniGroup improve its capacity and expand its market, both domestic and export needs.
The objective is to help farmers improving life along with the farming industry. TaniHub is an e-commerce connecting farmers and corporate consumers, while TaniFund is the crowfunding platform that provides funding for farmers.
"What makes TaniHub and TaniFund special is the end-to-end service. We have field teams to monitor the process, experts to guide farmers, and e-commerce platform to absorb the harvest. Therefore, we're not only provide funding, but also full training to minimize business risk," Ivan Arie, Co-Founder and CEO of TaniGroup, said.
Eka Pamitra, Co-Founder and President of TaniGroup, added, "Up until now, we've been supporting around 16,000 farmers in 600 farming groups. After improving efficiency in harvest distribution, their [the farmers] income is increasing up to 30% from the previous rate. Besides improving the farmers' welfare and their family, we want to lead them to apply sustainable farming that environment-friendly in all their cultivation processes."
Farming is one of the captivating sectors in Startup Report 2017. As an agrarian country, digital solution for this sector gives many opportunities. TaniGroup believes that there are too many issues in farming sector to solve alone. Therefore, the partnership of stakeholders, including regulators and all industry players, is an absolute necessity.
"Agriculture is a vital industry in Indonesia and TaniGroup succeed in providing a solution that creates efficiency in the complex farming business. Keeping up with our focus to make the best out of Indonesia, Alpha JWC Ventures is ready to partner with TaniGroup for making additional value, accelerate innovation, and bring positive impact to Indonesia's agriculture industry." Jefrey Joe, Co-Founder and Managing Partner of JWC Ventures, explained.
– Original article is in Indonesian, translated by Kristin Siagian