Aditya Hadi Pratama · · 1 min readSequoia-backed Lemonilo bags $36m in series C money
Lemonilo, an Indonesian brand that produces healthy consumer goods, has raised US$36 million in a series C funding round led by Sofina, with Sequoia Capital India participating.
The founders of Lemonilo / Photo credit: Lemonilo
Lemonilo has launched more than 40 types of products, from instant noodles and snacks to spices. They are available in the company’s online store as well as in 200,000 points of sale across Indonesia.
The startup was founded by Shinta Nurfauzia, Ronald Wijaya, and Johannes Ardiant in 2016.
According to Nurfauzia, Lemonilo will take advantage of Sofina’s expertise in the fast-moving consumer goods market to expand the company’s presence outside Indonesia. It will also continue to strengthen its local distribution chain.
Editing by Collin Furtado and Lorenzo Kyle Subido
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