Aditya Hadi Pratama · · 1 min readIndonesian agritech startup closes 2 warehouses, lays off employees
Indonesian agritech startup TaniHub has closed two warehouses in Bandung and Bali, Katadata reported, citing a statement from a company representative.
The company has decided to focus on its B2B segment, which includes hotels, restaurants, and modern trade retailers. It has also stopped selling fresh produce directly to customers.
In a statement, the firm said that it has also laid off some of its employees amid its shift in operations.
Last year, TaniHub raised US$65.5 million in a funding round led by Telkom Group venture arm MDI Ventures. The company said that it wanted to use the fresh funding to add new facilities and boost exports at the time.
See also: The key players in Indonesia’s promising agritech space
Editing by Miguel Cordon and Lorenzo Kyle Subido
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