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Indonesia Weekly Review: Three Archipelago Startup Stories You Don’t Want To Miss This Week [3 April – 8 April]

Indonesia Weekly Review: Three Archipelago Startup Stories You Don’t Want To Miss This Week [3 April – 8 April]

The startup space is growing at an unprecedented pace in Indonesia. And, with these latest developments, here’s the weekly bite-size feed from the Indonesian startup ecosystem.

Online Fishery Platform Aruna Raises Seed Funding

Online integrated fishery startup Aruna has secured secured Seed funding from hardware and machinery distributor UMG Indonesia, as per Deal Street Asia.

The startup will use the funds to develop a B2B online trading platform and app for its fishermen-partners. It also aims to expand its team.

The startup was launched by Farid Naufal Aslam, Indraka Fadhlillah, and Utari Octavianty. Aruna currently offers two services: an online marketplace for fishery products and a digital fish auction platform.

Mariko Asmara Backs Crowd Lending Startup GandengTangan

Indonesian crowd lending startup GandengTangan has secured funding from angel investor Mariko Asmara.

Launched in 2015, GandengTangan facilitates peer-to-peer lending to support micro businesses. It targets social businesses and micro businesses such as those of SMEs smallholding farmers and takes five percent commission from successful projects. As per a report by Deal Street Asia, it has more than 700 lenders who have funded 20 enterprises, and has supported 3,500 individuals.

Fintech Startup Pomona Secures Seed Funding

O2O payments startup Pomona has secured Seed funding from Indonesia-based Frontier Capital.

The startup will deploy the funds to strengthen its marketing efforts and partner acquisition as well as increase technological capability.

Launched in 2016, Pomona is a hyperlocal shopping rewards app that incentivises users’ shopping activities with a point rewards system. As per a Deal Street Aisa report, the startup has over 650 merchant partners in Greater Jakarta Area.

Author

Ambika Chopra

Inc42 Staff

An ace feminist and humanitarian, Ambika identifies herself as a reader, writer and a dreamer. Also a literature buff and development enthusiast. At Inc42 she aims to explore the startup ecosystem with ideas that juxtapose digital culture with social responsibility.

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