Online grocery platform HappyFresh has successfully raised a fresh round of funding led Samena Capital, with existing investors Vertex Ventures, SinarMas Digital Ventures and Endeavor Catalyst also taking part.
On the one hand, Indonesia seeks to become the biggest digital economy in the region and is wooing foreign investors and technology companies; while on the other, it is tightening the regulatory noose.
Online grocery startup HappyFresh has opened an office in the Philippines, its fifth in Asia, and also announced the appointment of Isabel ‘Pao’ Barientos as MD.
Increased mobile accessibility and broadband penetration are disrupting the traditional grocery-buying business model, enabling consumers to purchase groceries anywhere, at any time.
Jakarta-based online grocery company HappyFresh said it has completed a Series A funding round led by Vertex Ventures, the venture arm of Singapore’s Temasek Holdings, and Sinar Mas Digital Ventures, the venture arm of Sinar Mas Group of Indonesia.