Total amount raised
$39.5 Millions
Latest funding date
09/01/2023
Location
Segari has successfully raised $23.5 million over multiple funding rounds, with the latest being a Series B round. The company is an online grocery platform offering fresh food products.
Keep reading to explore the intricacies of Segari's fundraising journey and the investors backing this innovative platform.
What Is Segari?
Segari, founded in 2020, is an online grocery company based in Jakarta, Indonesia. The company operates in the food and beverage, grocery, and retail industries.
Founded by Farand Anugerah, Farandy Ramadhana, and Yosua Setiawan, Segari has grown to employ between 101 and 250 people. The platform offers a variety of fresh food products, including vegetables, fruit, and meat, catering to the essential needs of its customers.
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 fresh grocery services.
- Series A
- Amount Raised: $16M
- Date: September 2021
- Lead Investors: Argor Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Series B
- Amount Raised: $23.5M
- Date: September 2023
- Lead Investors: Susquehanna International Group, GO Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance technology, and expand market reach.
Total Amount Raised: $39.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Susquehanna International Group
- Details: Susquehanna International Group is a global quantitative trading firm and liquidity provider.
- Investment Focus Areas: Financial services, technology, various other sectors.
- Notable Investments: Various fintech and technology companies.
- GO Ventures
- Details: GO Ventures is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: Various tech startups and consumer internet companies.
- BEENEXT
- Details: BEENEXT is a venture capital firm based in Singapore and Japan, focusing on early-stage technology startups.
- Investment Focus Areas: E-commerce, fintech, healthtech, other tech-driven industries.
- Notable Investments: Various tech startups across Southeast Asia, India, Japan, and the US.
What's Next for Segari?
Segari stands at the cusp of significant growth opportunities in the online fresh grocery market. With the backing of experienced executives from Traveloka and Grab, the company is well-positioned to leverage its expertise to expand its market reach and enhance its technological capabilities. The growing trend in Southeast Asia's online grocery sector presents a fertile ground for Segari to scale its operations and capture a larger market share.
Future fundraising rounds are likely as Segari continues to demonstrate its potential for growth. The successful seed funding led by BEENEXT sets a strong precedent, indicating that additional investments could be on the horizon to support further expansion and technological advancements. However, the company may face challenges such as intense competition, logistical hurdles, and maintaining high standards of quality and customer satisfaction. Navigating these obstacles will be crucial for Segari's sustained success.
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