Sayurbox, an Indonesia-based agritech firm, has laid off 5% of its employees due to global macroeconomic challenges.
Photo credit: Sayurbox
In a statement, the company said that the decision is one of its efforts to solidify “financial independence” and “sustainable long-term growth.”
Affected employees will receive compensation packages according to local regulations, as well as health insurance and a mentoring program to help them get new jobs.
The firm added that the staff reduction will not affect its service.
See also: The key players in Indonesia’s promising agritech space
Founded in 2017, Sayurbox is a farm-to-table distribution platform for fresh produce. It offers more than 5,000 products including vegetables, meat, poultry, snacks, and ready-to-eat dishes.
The firm was established by Alibaba eFounders fellow Amanda Susanti, ex-Unilever and IBM exec Metha Trisnawati, and former Gojek exec Rama Notowidigdo.
Earlier this year, Sayurbox raised US$120 million in a series C funding round led by Northstar and Alpha JWC Ventures.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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