Aruna, a fisheries startup in Indonesia, has announced layoffs as part of its effort to maintain business sustainability. The company's CEO, Farid Naufal Aslam, revealed the decision on Aruna's official website, stating that the company is adjusting its workforce due to current economic challenges.

According to a report by DealStreet Asia, around 40% of Aruna's employees are affected by the layoffs. Farid explained that the startup ecosystem, especially in the agricultural sector, is facing significant difficulties, which have impacted investor perception and tightened access to capital.

"This affects investor perception and restricts access to funding across the industry, including for companies that continue to operate transparently and responsibly," said Farid (3/3/2025).

Farid emphasized that the layoffs are part of Aruna's strategy to restructure its organization, ensuring the company's long-term survival.

"Like many other companies in today’s economic landscape, Aruna must make difficult decisions to adjust its workforce as part of restructuring efforts to secure the company's long-term sustainability," he added.

Despite the workforce reduction, Aruna remains committed to maintaining transparency and responsible business practices while focusing on improving productivity.

Founded in 2016 by Farid Naufal Aslam, Indraka Fadhlillah, and Utari Octavianty, Aruna previously secured a Series A funding round of $35 million led by Prosus Ventures and East Ventures. In 2023, the company was reportedly close to finalizing a $60 million funding round, which ultimately fell through at the last minute.

The agritech industry in Indonesia has recently come under the spotlight following controversies involving other startups. eFishery’s founder was accused of financial report falsification and allegedly reported to authorities by investors. Meanwhile, Tanihub Group ceased operations after its fintech division, Tanifund, faced non-performing loans, resulting in its license being revoked by the Financial Services Authority (OJK).

PHOTO: DOK. ARUNA

This article was created with AI assistance.