GREENS, an integrated foodtech startup that is transforming Indonesia’s food system, announced that it has secured an undisclosed amount of pre-seed funding in a round led by eastventures with participation from other investors.
Funds to build an ecosystem for food decentralisation
According to Greens, Indonesia loses up to 48 million metric tonnes of food annually, for the most part due to inefficient processing, storage, transportation, and selling of food crops. Greens said its solution is a new, hyperlocal, food ecosystem where people can consume high nutrient meals that are grown and harvested onsite using 90% less water, 70% less land, and zero distance from farm to meal.
Greens said it will allocate the new funding to build an ecosystem for food decentralisation in two phases.
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