Fresh meat: VCs pour funds into burgeoning e-grocery segment in Indonesia


E-grocery start-up Pasarnow chief marketing officer Cindy Ozzie (left), chief executive officer James Rijanto (centre), and chief technology officer Donald Wono. - Jakarta Post/ANN

JAKARTA, Sept 12 (Jakarta Post/ANN): Investors are scrambling to fund online grocery start-ups after the fresh food segment grew exponentially last year, driven by rising demand amid the Covid-19 pandemic.

At least six investment deals have gone to local e-grocery start-ups to date, three of which were early rounds for relatively new companies Pasarnow and Segari.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

From singing to Muay Thai boxing and back - popular singer Aizat Amdan pens his fighting spirit in his new single 'Tegap Berdiri'
Your evidence is incredible,’ says prosecution to Pritam Singh: Key points on Day 12 of WP chief’s trial
Asean news headlines as at 10pm on Thursday (Nov 7)
Thai PM meets Myanmar junta chief on sidelines of summit in China
Illegal gold mining crackdown in Cambodia sees 100 sites closed
China's openness creates more opportunities: Economists
HK star Chow Yun Fat addresses tumour rumours, reveals truth about lumps on his legs
S.Korea president apologises but denies wife's role in state affairs
HR Ministry, Huawei to establish world-class, high-tech TVET institutions across Malaysia
As higher US tariffs loom, South-East Asia may have to contend with even more cheap Chinese goods

Others Also Read