Total amount raised
$39.5 Million
Latest funding date
09/01/2023
Location
Segari has successfully raised funding over three rounds, with the latest being a Series B round. The company is backed by eight investors, including Susquehanna International Group and GO Ventures.
Keep reading to explore the intricacies of Segari's fundraising journey and the investors supporting this innovative online grocery platform.
What Is Segari?
Segari is an online grocery company that offers fresh food products. Based in Jakarta, Indonesia, the company operates in the food and beverage, grocery, and retail industries.
Founded in Jakarta, Segari has grown to employ between 101 and 250 people. The company has successfully raised funding through multiple rounds, including a Series B round.
How Much Funding Has Segari Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: BEENEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Segari's online grocery business.
- Series A
- Amount Raised: USD 16,000,000
- Date: September 2021
- Lead Investors: Argor Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological capabilities.
- Series B
- Amount Raised: USD 23,500,000
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve supply chain efficiency.
Total Amount Raised: USD 39,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Susquehanna International Group
- Details: Susquehanna International Group (SIG) is a global quantitative trading firm. They are known for their expertise in trading and market making.
- Investment Focus Areas: Technology, Financial Services, Healthcare
- Notable Investments: ByteDance, Robinhood, Alibaba
- GO Ventures
- Details: GO Ventures is a venture capital firm that focuses on early-stage investments. They aim to support innovative startups in Southeast Asia.
- Investment Focus Areas: Technology, E-commerce, Fintech
- Notable Investments: Gojek, Halodoc, Moka
- Argor Capital
- Details: Argor Capital is a venture capital firm that invests in high-growth companies. They have a strong presence in the Southeast Asian market.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Tokopedia, Traveloka, Bukalapak
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology companies. They have a global investment portfolio.
- Investment Focus Areas: Technology, E-commerce, SaaS
- Notable Investments: Zilingo, Carousell, RedDoorz
What's Next for Segari?
Segari stands at the cusp of significant growth opportunities in the burgeoning online fresh grocery market. With the backing of experienced executives and venture capital, the company is well-positioned to expand its operations and capture a larger market share. The increasing demand for convenient and fresh grocery delivery services further amplifies this potential.
Future fundraising opportunities appear promising as Segari continues to demonstrate its market potential. The company’s ability to scale operations and improve technology will likely attract additional investments, enabling further expansion and innovation. However, challenges such as competition from established players and logistics management will need to be navigated carefully to sustain growth and customer satisfaction.
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