[ad_1]
Manuva, an Indonesian startup serving to SME producers produce ready-made, custom-made packaging and semi-branded items, has secured US$8 million in new funding.
Singapore-based VC agency Tin Males Capital joined the spherical with US$3 million, with the steadiness coming from different undisclosed buyers.
Manuva plans to increase its enterprise with the brand new funds by including biodegradable packaging and exploring the semi-branded items vertical.
It’s also pursuing a distribution enlargement technique to achieve the islands of Java, Bali, Sumatra, and several other main cities throughout Indonesia.
Additionally Learn: 5 sensible methods to decarbonise provide chains and logistics with AI
Based in 2018 by Anggara Pranaspati, Raffisal Damanhuri, and Hasandi Patriawan, Manuva (previously Tjetak) supplies retailers and on-line sellers with varied forms of packaging, from cardboard and snack containers to paper luggage and plastic cups. By means of greater than 100 manufacturing companions, Manuva is producing greater than 300 completely different packaging SKUs beneath its six personal label manufacturers for greater than 7,000 retailers and 100 enterprise prospects.
The startup additionally supplies trendy digitisation instruments that allow gamers of their ecosystem to enhance their logistics, procurement, stock and gross sales processes.
“Over the previous few years, Manuva has demonstrated substantial development whereas reaching sound unit economics, which is a mindset that each our groups share,” Tin Males Capital Co-Founder Murli Ravi stated.
Along with monetary backing, Tin Males Capital has been collaborating intently with Manuva, providing strategic advisory companies and fostering alternatives to bolster Manuva’s development and enlargement efforts.
Earlier than this funding spherical, Manuva had secured an undisclosed sum in a Sequence A fundraising led by Vertex Ventures and a seed funding spherical from angels.
—
Fundraising or getting ready your startup for fundraising? Construct your investor community, search from 400+ SEA buyers on e27, and get related or get insights relating to fundraising. Attempt e27 Professional free of charge in the present day.
Picture credit score: Manuva
The submit Manuva nets US$8M to assist SME producers produce ready-made, custom-made packaging appeared first on e27.
[ad_2]
Source link
