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Aditya Hadi Pratama · · 1 min readGojek VC arm leads $16m raise of ex-Grab exec’s e-grocery firm
Indonesia-based Segari, a social commerce firm focused on grocery products, has secured US$16 million in fresh capital.
More funding details
- Lead investor: Go-Ventures (the investment arm of Gojek)
- Existing investors: Beenext, AC Ventures, and Saison Capital
- Other investors: Susquehanna International Group, Alfamart, Gunung Sewu Group, and Intrinity Capital
- Stage: Series A
More company updates
- The company will use the fresh funds to strengthen its supply chain by bolstering its operations, technology, and marketing teams.
- Segari said that its users, orders, and revenue numbers have increased by more than 20x less than 12 months after it launched its services in 2020.
- The startup, founded by former executives of Grab and Traveloka, aims to grow the business by over 10x in the next 18 months.
- The new capital comes only five months after the company secured seed funding in a round led by Beenext, which Segari said was one of the largest seed rounds in Indonesia’s fresh grocery space.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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