<article>Indonesia-headquartered grocery delivery startup HappyFresh has secured a $20-million Series C funding round led by South Korea’s Mirae Asset-Naver Growth Fund.</article>

Indonesia-headquartered grocery delivery startup HappyFresh has secured a $20-million Series C funding round led by South Korea’s Mirae Asset-Naver Growth Fund.
Other investors participating in the round include Line Ventures, Singha Ventures, and Grab Ventures, the company said in a statement.
The proceeds from the round will be used to help the company expand into new markets in Southeast Asia and develop its technology. It also looks to grow its data science and omnichannel tech teams.
Founded in 2015, HappyFresh today claims to be the number one online grocery company in Southeast Asia, with active operations in Indonesia, Malaysia, and Thailand.
The startup raised a $12 million Series A round in September 2015, led by Vertex Ventures and Sinar Mas Digital Ventures (SMDV), and joined by a host of other investors including Beenext, Ardent Capital and 500 Startups. This was followed by an undisclosed Series B funding round led by Samena Capital a year later.
Last year, DEALSTREETASIA reported that Southeast Asian ride-hailing major Grab had acquired a minority stake in HappyFresh. The report was confirmed soon after by Grab that said the move was part of its ambition to become a one-stop “super app” for users in Southeast Asia. Its grocery delivery service, dubbed GrabFresh, was launched in partnership with HappyFresh last year.
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The round was led by South Korea’s Mirae Asset-Naver Growth Fund and joined by Line Ventures, Singha Ventures and Grab Ventures.

Grocery delivery startup HappyFresh raises $20 Series C for regional expansion

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Grocery delivery startup HappyFresh raises $20 Series C for regional expansion

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