Aditya Hadi Pratama · · 1 min readSequoia leads Indonesian health food brand’s series B round
Lemonilo, an Indonesian brand that produces healthy consumer goods, announced that it has raised an undisclosed amount of series B funding led by Sequoia Capital India.
From left: Ronald Wijaya, Johannes Ardiant, and Shinta Nurfauzia / Photo credit: Lemonilo
Founded in 2016, Lemonilo is a health food brand that produces more than 40 products, ranging from instant noodles and snacks to seasonings. These products are sold in more than 100,000 point-of-sale outlets across Indonesia, including popular mini-market chains.
Lemonilo has also launched a reseller network called Wiranilo, which helps it reach a wider audience among local communities.
The company plans to use the fresh money to expand its distribution network in Indonesia, develop new products, and invest in technology.
Prior to building Lemonilo, company founders Shinta Nurfauzia, Ronald Wijaya, and Johannes Ardiant started a health tech company called Konsula in 2015. A year later, they decided to pivot and develop Lemonilo instead.
In 2018, Lemonilo raised a round of funding from Alpha JWC Ventures and Unifam Capital.
Editing by Collin Furtado and September Grace Mahino
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