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With pride, we announce that Arummi has successfully secured a top-three position in the prestigious Nexspace 2023 event. Nexspace is an annual business competition organized by 11th Space and IdeaFest, providing entrepreneurs the opportunity to develop their innovative ideas, build connections, and secure funding from leading investors.
As a startup company, Arummi Foods strives to test our business model and secure funding. This way, we can realize Arummi’s vision to offer nutritious, tasty, plant-based products to the Indonesian community.
Currently, Arummi has introduced its flagship product, Cashew Milk, made from carefully selected local ingredients, and it’s the first cashew milk in Indonesia. With the achievement at Nexspace 2023, we are further motivated to produce other food and beverages that carry local value.
Arummi’s journey at Nexspace 2023 was certainly not an easy one. The selection process for Nexspace 2023 began with the Top 100 Online Workshop, which narrowed down participants to 45 finalists. Subsequently, after a second round of screening, 30 participants were chosen to receive intensive mentoring from experienced mentors. The crucial process took place at JCC Senayan over three days, from September 29 to October 1, 2023, where participants competed with thorough and innovative business presentations.
The Top 3 winners of Nexspace 2023 were entitled to a cash prize of Rp20 million and the opportunity to secure funding worth hundreds of millions of rupiah. Next, the winners, including Arummi, will undergo the necessary due diligence process as one of the requirements to secure the funding.
Our CEO and Co-Founder, Nacitta Kayandara, expressed her feelings about this remarkable achievement, “Securing a Top 3 position in Nexspace 2023 is clear evidence of the hard work and dedication of the Arummi Foods team. We want to thank everyone who supported us on this journey, including the mentors and judges who provided exceptional experiences. We hope that in the future, Nexspace can continue to grow and promote even better innovation and collaboration.”
Arummi has indeed captured the attention of business stakeholders at Nexspace 2023. This achievement further strengthens Arummi Foods’ position in the food and beverage industry in Indonesia.
Have you ever tried Arummi? Find it in online and offline stores by clicking on the following link now!
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