Indonesia's Sayurbox raises $120m led by Northstar, Alpha JWC Ventures

Indonesia's Sayurbox raises $120m led by Northstar, Alpha JWC Ventures

Photo by Markus Spiske on Unsplash

Indonesian agritech startup Sayurbox has raised more than $120 million in an oversubscribed Series C funding round led by Northstar and Alpha JWC Ventures as it looks to expand its supply chain nationwide and accelerate e-grocery penetration.

According to a statement issued on Monday, the round also saw the participation of International Finance Corporation (IFC), which is a part of the World Bank Group, and existing investors Astra, Syngenta Group Ventures, Global Brain, besides other angel investors.

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