Indonesian e-grocery startup Sayurbox raises US$120M Series C funding from led by Alpha JWC and Northstar

Sayurbox, an Indonesia-based business to consumer (B2C) and business to business (B2B) e-grocery startup, announced its oversubscribed Series C round of $120 million led by Northstar and Alpha JWC Ventures, with participation from new investor International Finance Corporation (IFC). The new funds will be used to accelerate e-Grocery penetration in new and existing cities and extend Sayurbox’s end-to-end supply chain nationwide.