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

Sayurbox announced Monday its oversubscribed Series C round of $120+ million led by Northstar and Alpha JWC Ventures, with participation from new investor International Finance Corporation (IFC). Existing investors Astra, Syngenta Group Ventures, and Global Brain as well as other prominent angel investors also participated in this fundraising round. 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.