Indonesia Digest: JIWA secures funding; Lippo partners HappyFresh

Indonesian tech-enabled F&B company JIWA Group has announced new funding while Lippo Group has partnered grocery delivery startup Happy Fresh.

JIWA raises funding from Openspace, Capsquare Asia

JIWA Group, Indonesia’s technology-enabled F&B company, has raised an undisclosed sum from  Openspace and Capsquare Asia Partners, it said in a statement. 

DealStreetAsia first wrote about the development on November 3, 2021. According to the statement, both investors bring local and regional operational expertise, which will be used to further fuel the group’s expansion. 

Since its launch in 2018, JIWA has expanded to 3 brands (Kopi Janji Jiwa, Jiwa Toast, and Jiwa Tea) across almost 1,000 outlets serving 50+ products in 100+ cities in Indonesia. In 2021 alone, the company served more than 40 million products and has more than doubled in size year on year. 

The latest funding will be used for opening new outlets, the launch of new products and scaling of warehousing, logistics, and technology. 

Lippo partners HappyFresh, expands reach

PT Matahari Putra Prima, the retail arm of an Indonesian conglomerate Lippo Group, has announced a collaboration with grocery delivery startup HappyFresh to expand its reach across the archipelago just in time for the year-end holiday season.

The virtual stores of MPPA’s retail brands such as Hypermart, Foodmart, Primo, and Hyfresh will be available on HappyFresh starting Friday, the statement said.

HappyFresh recently expanded its reach to Bali, Makassar, Medan, and Semarang. It has operations in Indonesia, Malaysia, and Thailand with links to over 700 supermarkets, hypermarkets, and grocers.

The company, backed by Grab Ventures, raised $65 million in its latest funding round in July, according to a regulatory filing reported by DealStreetAsia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.