TaniHub Group raises massive funding

Indonesia: At a virtual press conference, Indonesian agritech startup TaniHub Group announced that the company is currently finalizing a “massive” funding round, following a US$17 million funding that it announced in April 2020.

Set to be finalized within the next few months, TaniHub Group President Pamitra Wineka said that the funding round will likely be “the biggest ever raised by an agritech startup in Southeast Asia“.

“We see this funding round as an opportunity for Indonesian farmers and produces to be recognized internationally,” Wineka said.

Launched in 2017, TaniHub Group’s business lines included TaniHub (an e-commerce platform for food and agricultural products), TaniFund (a P2P lending platform for farmers), and TaniSupply (a unit that works on improving the agricultural supply chain).