aruna

Aruna’s restructuring comes amid growing scrutiny in the fisheries sector following fraud allegations.

Openspace, which was leading the round, is legally in the clear to pull out of the agreement. However, this is usually frowned upon in the industry.

Yusys Technologies, Redefine Meat, Jin Mobility, and more startups also raised funding.

An Indonesian edtech startup’s latest funding more than doubles its series A amount and an earned-wage access startup secures a seed round.

Aruna is a supply chain aggregator that streamlines the process for Indonesian fishermen by connecting them with enterprise-scale buyers.

AC Ventures plans to complete the final close of a US$120 million targeted fund by the end of this year.

Aruna says that this is the largest series A round to date in Indonesia’s agritech and maritime sector.

The startup said it has recorded 86x growth in revenue as global demand for seafood remains strong amid the pandemic.