According to information from VentureCap Insights, Wahyoo, an Indonesia-based F&B digitalization company, has raised US $6.5 million as part of its series B investment round.
NH Absolute Return Partners, Intudo Ventures, Evowood, Nitto Prima Ventura, Global Brain, East Ventures, and Indogen Capital are among the investors taking part in the round.
According to VentureCap Insights, the fundraising round increased Wahyoo’s post-money valuation to US $38.9 million, with its share price nearly tripling compared to the prior year.
Wahyoo has been contacted by Tech in Asia for views on the subject.
Wahyoo, a company founded in 2017 by Peter Shearer, offers digitization services to MSMEs in the food and beverage industry. Over 27,000 companies utilize the company’s services, which include access to networks for sales and fulfillment.
Additionally, the business created the Bikin Tajir Group, a cloud kitchen project that supports MSMEs and offers franchise rights for a number of culinary brands.
A series A fundraising round headed by Intudo Ventures saw Wahyoo raise $5 million in August 2020.