FishLog, an ecosystem enabler for the fisheries chilly chain business in Indonesia, has closed its US$3.5 million pre-Sequence A spherical from BRI Ventures, Accel, Insignia Ventures Companions, Patamar Capital, Indogen Capital, and Triputra Agri Group.
FishLog was established in 2020 by Bayu Anggara, Reza Fahlepi, and Abdul Halim to unravel the fragmentation in chilly chain fisheries in Indonesia.
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The agritech startup improves chilly storage, processor, and distribution in Indonesia’s fisheries to allow the business to fulfill world provide and demand higher. It prompts fisheries coastal areas by establishing FishLog High quality Facilities, an O2O hybrid platform that works with native chilly storage companions. These centres present native stakeholders, together with fishermen, aggregators and merchants, larger entry to patrons by itemizing their stock within the FishLog market and digitising their operation.
FishLog additionally permits fisheries companies to maximise upstream-to-downstream operations by its 4 merchandise: stock dealing with, financing, B2B market, and chilly storage digitisation.
The contemporary funding will enable FishLog to enhance this ecosystem of companies additional by offering present gamers larger entry to instruments, working fashions, and liquidity, and enhancing the business’s potential to course of merchandise and SKUs.
Bayu Anggara, CEO and Co-Founders of FishLog, mentioned, “Whereas there’s large world enterprise potential for the Indonesian fisheries sector, it has lengthy been tormented by inefficiencies and fragmentation. Our mission at FishLog is to unlock the promoting potential and maximise the storage utility of Indonesia’s fragmented fishing business, constructing the most effective and most inexpensive manner to make sure product and labour sustainability within the business.”
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“By this funding, we are going to proceed to construct the chilly chain ecosystem enabler and working system for the fisheries in Indonesia. Our imaginative and prescient is for all stakeholders within the sector to have the ability to take part productively on this business, transacting safely, trusted by and seamlessly built-in,” he added.
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