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.
Increased mobile accessibility and broadband penetration are disrupting the traditional grocery-buying business model, enabling consumers to purchase groceries anywhere, at any time.
Singapore-based online grocery service RedMart has launched RedMart Relay, its ‘on-demand’ marketplace app.
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.
Singapore-based online grocer and marketplace RedMart announced it has closed a US$26.7 bridge round, bringing its total funding since inception to US$54 million, and has hired a former Amazon.com vice president as chief operating officer (COO).
Malaysian ‘hybrid grocer’ Presto Grocer has major e-commerce plans for South-East Asia, and it has roped in Bob Chua to its board to help.