US $64 million raised by HappyFresh, Indonesian Grocery Supply Startup from Korean Investors, says reports
A US $64 million grant from South Korean investors comprising Mirae Asset and Naver Corp has been secured by HappyFresh, an Indonesian food supply company with Grab Ventures, DealStreetAsia reports citing regulatory filings.
In early this month, The Korea Economic Daily stated that, as part of its 65 million dollars objective, HappyFresh will receive USD 33 million from existing investment groups, including Naver, its subsidiary LINE Ventures and Mirae Asset.
In the course of the C-Round in 2019, these investors contributed the US $20 million into HappyFresh, where the newly obtained cash will be deployed is unknown.
HappyFresh, based in Jakarta, was launched in 2015 and supplies thousands of South-East Asian consumers with freshness and quality food. In the middle of the COVID-10 crisis, the company claims to have witnessed a remarkable 560% increase of daily active users.
Last January, Messaging App LINE announced a collaboration with LINEMAN to establish a service on its Messaging Platform in Thailand. LINE would be supplying users with grocery service services.
HapyFresh was granted in January 2017 an unrevealed amount of the Series B investment under Samena Capital, a Dubai-based PE Company. It received 12 million dollars earlier in Series A.
