Data Vantage: Lemonilo, Xurya and CoLearn bag funding and other updates

The COVID-19 pandemic has not only accelerated digitalisation in Southeast Asia but also triggered a dramatic shift towards healthier life choices.

Partly buoyed by the latter, Indonesia’s health food startup Lemonilo has emerged as a formidable competitor to food manufacturing giants such as Indofood and Wings Corp, particularly in the instant noodle market. Armed with fresh funding of $36 million, the company is now set to expand overseas.

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